Paramount Lodging Advisors announce they will be auctioning the Red Lion Hotel & Conference Center Cheyenne on October 2nd.
The property was built in 1981 and is currently bank-owned and receiver managed. According to Paramount Lodging Advisors, there is considerable operational upside post renovation and several brands have expressed interest in converting the asset. Cheyenne is well positioned for broader economic growth with plans well underway on multiple large regional development projects. Property tours are available on September 2nd, September 3rd, September 16th, and September 17th by appointment only.