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Hotel-Motel

Quality Inn Helena

2300 N Oakes St, Helena, MT 59601

Listing Price: $3,300,000

Cap Rate
5.31%
Number of Rooms
48
RevPAR
$47
Price/Room
$68,750
RRM
3.94
Year Built
2002

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the recently renovated Quality Inn Helena (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $3,300,000 or $68,750 per key. The Quality Inn Helena is located at 2300 N Oakes Street in Helena, Montana just off Interstate 15. The 48-room, three-story building was built in 2002, renovated in 2022, and encompasses 2.95 acres. With a total of approximately 13,760 square feet spread between three ?oors, the Property maintains a plethora of common area amenities including an exercise room, vending machines, guest laundry facility, and parking that accommodates both buses and trucks. The capital of Montana, Helena is the county seat of Lewis and Clark County and is intersected by Interstate 15. Helena is a hub of economic activity with top employers consisting of businesses in the health care, education, or military industries. Anchored mostly by the health care sector of the economy, Blue Cross Blue Shield, Shodair Children’s Hospital, and St. Peter’s hospital are Helena’s top employers. The biggest employer in the education industry of Helena, Carroll College is another top employer for the city and is located just 2 miles from the Property. Outside of the booming health care economy, Helena is also home to a host of attractions and demand generators for the Property. For instance, Grand Street Theatre is one of the largest theatres in Montana and promotes a community presence in addition to the production of plays. Fort Williams, Cathedral of Saint Helena, and Montana Historic Society & Museum are also popular stops for history-inclined tourists and spur some economic activity for the city. Lastly, Montana’s State Capitol building, Spring Meadows State Park, Mount Helena, and Great Northern Carousel are also destinations for tourists and locals alike. In 2021, the Hotel recorded room revenues of over $812 thousand and a net operating income of over $169 thousand or 20.7 percent of total income, after a four percent FF&E reserve and three percent management fee. The limited-service Hotel recorded a 103 percent RevPAR penetration index through 2021, presenting a new investor with the opportunity to acquire a well-positioned asset with upside potential. The Hotel’s room revenues are projected to increase by 25 percent through the next three years, as it stabilizes in the market after renovations.

Investment Highlights

  • Three-Story, 48-Room, Interior-Corridor, Choice Hotels International-Branded Hotel Renovated in 2022
  • Priced Below Replacement Costs at $68,750 Per Key
  • Highly Visible and Easily Accessible from Interstate 15 – One of the Most Trafficked Thoroughfares in Helena
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Hotel-Motel

Quality Inn Helena

Listing Price: $3,300,000

Cap Rate
5.31%
Number of Rooms
48
RevPAR
$47
Price/Room
$68,750
RRM
3.94
Year Built
2002

Investment Highlights

  • Three-Story, 48-Room, Interior-Corridor, Choice Hotels International-Branded Hotel Renovated in 2022
  • Priced Below Replacement Costs at $68,750 Per Key
  • Highly Visible and Easily Accessible from Interstate 15 – One of the Most Trafficked Thoroughfares in Helena
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the recently renovated Quality Inn Helena (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $3,300,000 or $68,750 per key. The Quality Inn Helena is located at 2300 N Oakes Street in Helena, Montana just off Interstate 15. The 48-room, three-story building was built in 2002, renovated in 2022, and encompasses 2.95 acres. With a total of approximately 13,760 square feet spread between three ?oors, the Property maintains a plethora of common area amenities including an exercise room, vending machines, guest laundry facility, and parking that accommodates both buses and trucks. The capital of Montana, Helena is the county seat of Lewis and Clark County and is intersected by Interstate 15. Helena is a hub of economic activity with top employers consisting of businesses in the health care, education, or military industries. Anchored mostly by the health care sector of the economy, Blue Cross Blue Shield, Shodair Children’s Hospital, and St. Peter’s hospital are Helena’s top employers. The biggest employer in the education industry of Helena, Carroll College is another top employer for the city and is located just 2 miles from the Property. Outside of the booming health care economy, Helena is also home to a host of attractions and demand generators for the Property. For instance, Grand Street Theatre is one of the largest theatres in Montana and promotes a community presence in addition to the production of plays. Fort Williams, Cathedral of Saint Helena, and Montana Historic Society & Museum are also popular stops for history-inclined tourists and spur some economic activity for the city. Lastly, Montana’s State Capitol building, Spring Meadows State Park, Mount Helena, and Great Northern Carousel are also destinations for tourists and locals alike. In 2021, the Hotel recorded room revenues of over $812 thousand and a net operating income of over $169 thousand or 20.7 percent of total income, after a four percent FF&E reserve and three percent management fee. The limited-service Hotel recorded a 103 percent RevPAR penetration index through 2021, presenting a new investor with the opportunity to acquire a well-positioned asset with upside potential. The Hotel’s room revenues are projected to increase by 25 percent through the next three years, as it stabilizes in the market after renovations.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

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