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Hotel-Motel

Baymont by Wyndham Bozeman

2020 Wheat Dr, Bozeman, MT 59715

Listing Price: $6,800,000

Cap Rate
11.57%
Number of Rooms
50
RevPAR
$105
Price/Room
$136,000
RRM
3.55
Year Built
1994

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont by Wyndham Bozeman (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts-branded Hotel is offered at $6,800,000 or $136,000 per key. The Baymont by Wyndham Bozeman is located at 2020 Wheat Dr in Bozeman, Montana, off the intersection of Interstate 90 and N 7th Ave/Frontage Rd. The 50-room, interior-corridor, two-story building was built in 1994 and stretches 1.51 acres. With approximately 29,304 square feet between two floors, the Property maintains a plethora of common area amenities, including a fitness center, business center, laundry facility, meeting room, indoor pool, as well as parking that accommodates both buses and trucks. Bozeman, the county seat of Gallatin County, is located in southwest Montana and exists as the fourth largest metropolitan area in the state. The largest in Montana, Bozeman has been the state’s fastest growing micropolitan area in 2018, 2019, and 2020. With Bozeman Yellowstone International Airport 9 miles from the Property, providing a short commute from the airport. Furthermore, the businesses in the area benefit from tourism, a major economic contributor for the region. Attractions in the area include the Bridger Bowl Ski Area, Hyalite Canyon and Reservoir, and the East Gallatin Recreation Area. Another popular attraction, the Sweet Pea Festival of the Arts, has occurred annually since 1977 and lasts 3 days. Outside of tourism, Bozeman’s economic focus is on manufacturing and technology with top businesses such as ILX Lightwave, Quantel USA, RightNow Technologies, Snowflake Incorporated, and Schedulicity all maintaining headquarters in the city. Another aspect of the city’s diverse economic capabilities is the health industry, with Bozeman Health positioned as one of the top employers in the area. Lastly, Bozeman is home to the University of Montana’s campus, which makes education relied on as a significant portion of the city’s economy. In the twelve-month ending April 2022, the Hotel recorded room revenues of over $1.91 million, coupled with an ideal net operating income flow-though of 40.4 percent of total revenue, which equates to over $786.6 thousand. The limited-service Hotel recorded a 115 percent RevPAR penetration index through the trailing twelve-month April 2022, and once change-of-ownership PIP is complete, a new owner can expect to increase daily rates, leading to increased RevPAR and NOI flow-through.

Investment Highlights

  • Two-Story, 50-Room, Wyndham Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Interstate 90 – One of the Most Trafficked Highways in Bozeman
  • Less than Five Miles from Montana State University, Gallatin National Forest, Simms Fishing Product Headquarters, and Museum of the Rockies
  • Trailing-Twelve Month April 2022 RevPAR Penetration Index of 115 Percent

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

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

    Montana

Financing By

Hotel-Motel

Baymont by Wyndham Bozeman

Listing Price: $6,800,000

Cap Rate
11.57%
Number of Rooms
50
RevPAR
$105
Price/Room
$136,000
RRM
3.55
Year Built
1994

Investment Highlights

  • Two-Story, 50-Room, Wyndham Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Interstate 90 – One of the Most Trafficked Highways in Bozeman
  • Less than Five Miles from Montana State University, Gallatin National Forest, Simms Fishing Product Headquarters, and Museum of the Rockies
  • Trailing-Twelve Month April 2022 RevPAR Penetration Index of 115 Percent

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont by Wyndham Bozeman (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts-branded Hotel is offered at $6,800,000 or $136,000 per key. The Baymont by Wyndham Bozeman is located at 2020 Wheat Dr in Bozeman, Montana, off the intersection of Interstate 90 and N 7th Ave/Frontage Rd. The 50-room, interior-corridor, two-story building was built in 1994 and stretches 1.51 acres. With approximately 29,304 square feet between two floors, the Property maintains a plethora of common area amenities, including a fitness center, business center, laundry facility, meeting room, indoor pool, as well as parking that accommodates both buses and trucks. Bozeman, the county seat of Gallatin County, is located in southwest Montana and exists as the fourth largest metropolitan area in the state. The largest in Montana, Bozeman has been the state’s fastest growing micropolitan area in 2018, 2019, and 2020. With Bozeman Yellowstone International Airport 9 miles from the Property, providing a short commute from the airport. Furthermore, the businesses in the area benefit from tourism, a major economic contributor for the region. Attractions in the area include the Bridger Bowl Ski Area, Hyalite Canyon and Reservoir, and the East Gallatin Recreation Area. Another popular attraction, the Sweet Pea Festival of the Arts, has occurred annually since 1977 and lasts 3 days. Outside of tourism, Bozeman’s economic focus is on manufacturing and technology with top businesses such as ILX Lightwave, Quantel USA, RightNow Technologies, Snowflake Incorporated, and Schedulicity all maintaining headquarters in the city. Another aspect of the city’s diverse economic capabilities is the health industry, with Bozeman Health positioned as one of the top employers in the area. Lastly, Bozeman is home to the University of Montana’s campus, which makes education relied on as a significant portion of the city’s economy. In the twelve-month ending April 2022, the Hotel recorded room revenues of over $1.91 million, coupled with an ideal net operating income flow-though of 40.4 percent of total revenue, which equates to over $786.6 thousand. The limited-service Hotel recorded a 115 percent RevPAR penetration index through the trailing twelve-month April 2022, and once change-of-ownership PIP is complete, a new owner can expect to increase daily rates, leading to increased RevPAR and NOI flow-through.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

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

    Montana

Financing By

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