HVS Capital Corp (HVSCC) today announced the sale of the 200-room Ramada Plaza Riverside Hotel in Casper, Wyoming, exclusively representing the Lender/Owner in the transaction.
The recently renovated hotel is located in the heart of Casper along the scenic North Platt River. In addition to its 200 guestrooms, the property also offers two restaurants, an indoor pool, and over 9,300 square feet of meeting space. According to Bill Sipple, Executive Managing Director of HVS Capital Corp, “The hotel was purchased by an active regional owner/operator who will be able to capitalize on the several existing local relationships it has, expanding the demand base available to the property, going forward.” He added, “Given the bright future of the oil shale industry in the Casper area, the hotel is anticipated to benefit greatly from the region’s growth.”
HVSCC has extensive experience with energy market-related hotels, having transacted on several of these properties in the past year.
William G. Sipple
HVS Capital Corp
Office: + 1 303 512-1226