NorthwestMarch 26, 2012

Associated Press

Associated Press

BOZEMAN, Mont. - The president and CEO of a Bozeman adventure company called Off the Beaten Path said an investment group he leads has agreed to buy the old National Guard Armory in Bozeman and turn it into a hotel with up to 80 rooms.

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Cory Lawrence told the Bozeman Daily Chronicle that Kelryco Inc. investment group has a buy-sell agreement to purchase the armory from First Interstate Bank in Bozeman for less than $1 million.

Lawrence said plans are preliminary, with an estimated cost of up to $10 million. The building dates from about World War II and has a 1920s art-deco style.

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