Prime Investment Properties Negotiates the Sale of the Historic Virginian Hotel, Medicine Bow, WY
For immediate release
[Medicine Bow, WY – April 23, 2024]
Prime Investment Properties Negotiates the Sale of the Historic Virginian Hotel, Medicine Bow, WY
Prime Investment Properties, LLC. is pleased to announce it has arranged the sale of the Historic Virginian Hotel located in Medicine Bow, Wyoming. Dan Emert, Managing Principal of Prime Investment Properties and member of Hotel Brokers International, developed the marketing strategy and led the negotiations in the transaction. The Virginian Hotel has been acquired by JET Hospitality for an undisclosed price.
Named after the 1902 novel, The Virginian, written by Owen Wister, the Hotel opened its doors in 1911 and for some time was the largest hotel located between Denver, Colorado, and Salt Lake City, Utah. The hotel has been held by the Scott Family for over 100 years and has been the site of multiple movies and television series over the years. The buyer, JET Hospitality, plans to renovate the hotel while preserving the history of the hotel and creating a memorable guest experience for future guests.
Dan Emert, Managing Principal of Prime Investment Properties, has been in the hospitality industry for more than 20 years. He began his career in restaurant ownership and management later shifting his career path to commercial brokerage, with a focus on hotel and motel sales. Dan is a licensed broker in Colorado, Georgia, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Pennsylvania, and Wyoming. He is a member of Hotel Brokers International and currently serves on their Board of Directors. Outside of work, Dan is a Board member and active volunteer for Routt County Search & Rescue.
Headquartered in Steamboat Springs, Colorado, Prime Investment Properties, LLC, is a full-service commercial real estate brokerage and advisory firm specializing in hotel and motel sales. The brokerage provides a complete range of real estate services to commercial investors, developers, banks, commercial loan services, and companies. Prime Investment Properties can be found online at www.primeinvestmentprops.com.
Founded in 1959, Hotel Brokers International (HBI) is the hospitality industry’s oldest network of hotel brokers. HBI Brokers are industry leaders in hotel real estate sales and have successfully negotiated over 11,000 hotel transactions. The organization’s website features an extensive list of hotels for sale and attracts visitors worldwide. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional certification program for hotel brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership for professionals in related fields such as franchising, lending, valuation, and investment services. For more information about hotels offered by HBI members or to become a broker or affiliate member, please visit www.hbihotels.net.
For more information contact:
Dan Emert, Managing Principal
Prime Investment Properties, LLC
Steamboat Springs, Colorado
970.658.8098
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315
