Coyote Grill Announces Phase One Expansion

May 4, 2012 - PRLog -- Milky Way Incorporated dba Coyote Grill announced today the signing of an Amendment to its lease in Round Hill Square allowing it to more than double the size of its current business model.

Currently occupied by 'Paradise Nails and Spa,' Suite 102 is 1684 square feet and will allow the Coyote Grill to begin its long anticipated expansion that will include entertainment, gaming, pizza and varietal coffees and espressos.

"I am very happy to begin this first phase of our growth," said Coyote Grill owner, Leland Faegre following the long awaited announcement. "With personal feedback from patrons aware of the plan unanimously favorable," Faegre added, "It will serve as the cornerstone of our formative expansion-in-progress, attracting new and existing customers by providing attractive performances, originating new revenue streams from gaming not currently possible and eventually extending our hours of operation."

"The necessary provisional space for entertainment and gaming," Faegre said, "will also make possible the opportunity for expanded coffee and espresso choices from our Gardnerville-based, strategic partner Blind Dog Coffee, filling an aromatic vacuum created by the vacancy of Not Just Java, a previously popular, coffee-centric business model in Round Hill Square."

Located in the Round Hill Square Shopping Center on the Nevada side of South Lake Tahoe, Faegre believes the Coyote Grill will be the Tahoe Basin's "most locally attractive restaurant, tavern, live performance and gaming destination."

Additionally, the planned comfortable-seating of the acquired entertainment space will also accommodate catering, large variable group functionality and from in-house technical capability extending value to the Coyote Grill brand and customer loyalty, long-imagined internet and terrestrial radio and television broadcasting with its strategic partner, AM 590 and 96.1 FM, KTHO: Local Talk and Classic Rock.

In September 2011, through a conveyance-in-lieu of foreclosure agreement in relation to a mortgage note ROIC acquired in August 2011 for $22 million; ROIC acquired the Round Hill Square Shopping Center. The shopping center is approximately 117,000 square feet and is anchored by Safeway. The property is located in Zephyr Cove, Nevada, in the heart of the Lake Tahoe market, and is currently 79.3% leased.

The Coyote Grill Sports, Entertainment and Gaming Center will serve a wide demographic spectrum of patronage from Zephyr Cove in Douglas County, Nevada [20,927 people within a five mile radius and an average household income of approximately $109,779 a census-designated place (CDP)].

For more information, visit http://www.ontopofacloud.com/coyotegrill.htm