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Colin Stalley
  • Investor
  • Rapid City sd
0
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11
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Foreclosed Motel in Riverton Wy

Colin Stalley
  • Investor
  • Rapid City sd
Posted

Their Is a Foreclosed Newly remodeled hotel in Riverton Wy was days in.  It was foreclosed over not having a sprinkler system installed and will need to be installed to get operational.  I am looking for interested parties with hotel experience or someone who could at least help me learn.  It is currently not on the market but should be coming soon. I have no hotel experience but would like to be a part if possible for the knowledge if nothing else. I own rentals and I am a new real estate agent in Riverton

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2
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Jeff Null
  • Van Buren, AR
1
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Jeff Null
  • Van Buren, AR
Replied

First time poster, but in the hospitality business as a supplier. Hotels are a unique property type and require full time management. Unless you are ready to buy yourself a full time job, stay away from this unless you can be a silent financial partner that isn’t actively involved. 

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