Denver: 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.
About HVS Capital Corp
Founded in 2001, HVS Capital Corp is the investment banking arm of HVS for the Americas. The firm’s executives have an average of 20+ years experience through several real estate cycles, completing tens of billions in transactions. HVSCC is an innovative industry leader that delivers comprehensive hospitality investment banking solutions based on performance, collaboration, and trust. HVSCC provides an array of financial and capital advisory services, and has extensive experience in the restructuring of debt and equity capitalizations, complex asset sales, distressed property workouts, and traditional debt and equity raises. www.hvscapital.com
HVS is the world’s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. Established in 1980, the company performs 4500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. www.hvs.com.