BUSINESS DESCRIPTION

This is a rare opportunity to acquire a fully operational Western hospitality destination combining historic lodging, restaurant and bar operations, events, recreation, entertainment and meaningful development potential within a single, highly differentiated property.

Set on approximately 13 forested acres, the property includes 14 furnished historic cabin units, a 4,500-square-foot main lodge, full-service restaurant and saloon, commercial kitchen, staff housing, storage and barn facilities, outdoor gathering areas and approximately five underutilized acres with future expansion potential**. The offering also includes a substantial inventory of furniture, fixtures, hospitality equipment, recreational assets, maintenance equipment and operating infrastructure, allowing a new owner to step into an established business rather than begin with a redevelopment project.

Originally created as an authentic Western lodge and gathering place, the property was dormant for more than a decade before being acquired in 2024 and comprehensively revitalized. Significant capital has since been invested in renovations, property readiness, guest accommodations, restaurant and bar operations, technology, branding, marketing and business activation. Lodging operations have been restored, the restaurant and saloon are operating seven days per week, and weddings, catering, live music, community events and recreation-oriented programming have been established.

The business benefits from a compelling four-season demand profile driven by **fly fishing, hunting, hiking, mountain biking, horseback riding, skiing, snowmobiling, ATV/UTV recreation, weddings, retreats and family travel**. The surrounding region also benefits from continued national interest in Western lifestyle tourism and the nearby filming locations associated with the *Yellowstone* television franchise.

Unlike many competing lodging properties, this destination combines multiple revenue streams under one roof: **overnight accommodations, food and beverage, bar revenue, weddings and private events, catering, entertainment, merchandise, gaming and recreation partnerships**. Its competitive set is fragmented, and relatively few properties offer this combination of authenticity, operating scale, liquor licensing, outdoor access and expansion acreage.

The next stage of ownership presents substantial upside. Near-term opportunities include improving occupancy and ADR, expanding group and wedding business, increasing restaurant and bar utilization, growing catering and event revenue, and developing packaged recreation experiences. Longer-term potential includes **additional cabins, premium outdoor lodging, expanded event infrastructure, enhanced guest amenities and an owner residence**, subject to approvals.

The result is a compelling acquisition of both **real estate and an operating hospitality platform**: a revived Western destination with an established operating foundation, multiple revenue engines, difficult-to-replicate character and meaningful room for continued growth.