The Parkway Plaza hotel is set to be put up for public auction Thursday at the Natrona County Courthouse.
Ronald Lopez, an attorney at Bailey, Stock, Harmon, Cottam & Lopez, the law firm representing the mortgage holder, confirmed Tuesday that the hotel and conference center was set to be auctioned off as part of a foreclosure sale.
The firm posted a notice of foreclosure sale, set for 10 a.m. Thursday, in the Star-Tribune. It states the hotel’s owner defaulted on the terms of its mortgage.
Tabitha Overgard, the hotel’s general manager, said Tuesday afternoon that she just learned the property will be up for auction this week.
“I don’t know any details about any of that,” she said.
Overgard previously said that the hotel laid off 50 employees when it closed for renovations Oct. 31.
In an interview at the time, Overgard said she was told a national corporation was buying the hotel. It’s unclear what transpired since then.
The Parkway has been owned by CRU Casper since 2015. That company is itself owned by CRU Real Estate Group, of Costa Mesa, California. The facility was built in 1966 and offers 301 guest rooms and more than 45,000 square feet of indoor and outdoor meeting space, according to its website.
In recent years, the hotel has struggled with a series of difficulties.
In November 2017, two employees said the hotel had been writing bad checks and ordering workers to illegally buy liquor from retail stores using a company credit card. Wyoming law requires licensed outlets like hotels to buy booze through state-approved wholesale liquor distributors.
City government struck a deal with the hotel in April 2017 to help rebuild infrastructure around the Parkway in support of a planned 40,000-square-foot conference center in the hotel’s southwest parking lot. But the deal was called off when hotel management missed a deadline.
The hotel has been sold several times in the past decade. Casper businessman Pat Sweeney sold the Parkway to a Texas-based company in 2008, but after that firm failed to meet certain conditions, Sweeney took control of the property again. He sold the hotel to CRU three years ago.
Crime reporter Shane Sanderson contributed to this report.