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Hotel-Motel

Montana Trailhead Inn & Convention Center

5500 Midland Rd, Billings, MT 59101

Listing Price: $7,750,000

Cap Rate
8.60%
Number of Rooms
316
RevPAR
$39
Gross SF
134,754
Price/Room
$24,525
Price/Gross SF
$57.51
Year Built
1972

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Montana Trailhead Inn & Convention Center, a seven-story hotel located in the southeastern Montana town of Billings. The hotel consists of 316 guest rooms, of which only 92 are currently being operated. The hotel has undergone recent renovations including main lobby, breakfast area, business center, meeting space and fitness center. Additionally, 94 of the guest rooms have undergone soft renovations. Each guest room features a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Select suites include a separate living area, sofa bed and/or wet bar. Hotel amenities include a business center, fitness center, complimentary breakfast and spacious atrium lobby. The Montana Trailhead Inn & Convention Center represents the opportunity to acquire an independent hotel in a desirable market near several demand drivers. The new owner will have the opportunity to bring the rest of the guest rooms online to gain market share and improve bottom line. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the southeastern Montana region. The Fee Simple Land can be purchased separately (see Listing Agent for details).

Investment Highlights

  • 92 Rooms Are Fully Renovated and Operating
  • Upside from Renovating 225 Rooms and Re-Opening Convention Hall
  • Short Drive to MSU Billings, St. Vincent Healthcare, and Billings-Logan International Airport, which is Currently Undergoing an Extensive Expansion
  • Nearby Attractions Include Riverfront Park & Norm's Island, Zoo Montana, The Rimrocks, Montana Fair and Pictograph Cave State Park
  • Surrounded by Tens of Mountain Ranges and National Parks, Including Glacier National Park (~3M Visitors Per Year)

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

Montana Trailhead Inn & Convention Center

Listing Price: $7,750,000

Cap Rate
8.60%
Number of Rooms
316
RevPAR
$39
Gross SF
134,754
Price/Room
$24,525
Price/Gross SF
$57.51
Year Built
1972

Investment Highlights

  • 92 Rooms Are Fully Renovated and Operating
  • Upside from Renovating 225 Rooms and Re-Opening Convention Hall
  • Short Drive to MSU Billings, St. Vincent Healthcare, and Billings-Logan International Airport, which is Currently Undergoing an Extensive Expansion
  • Nearby Attractions Include Riverfront Park & Norm's Island, Zoo Montana, The Rimrocks, Montana Fair and Pictograph Cave State Park
  • Surrounded by Tens of Mountain Ranges and National Parks, Including Glacier National Park (~3M Visitors Per Year)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Montana Trailhead Inn & Convention Center, a seven-story hotel located in the southeastern Montana town of Billings. The hotel consists of 316 guest rooms, of which only 92 are currently being operated. The hotel has undergone recent renovations including main lobby, breakfast area, business center, meeting space and fitness center. Additionally, 94 of the guest rooms have undergone soft renovations. Each guest room features a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Select suites include a separate living area, sofa bed and/or wet bar. Hotel amenities include a business center, fitness center, complimentary breakfast and spacious atrium lobby. The Montana Trailhead Inn & Convention Center represents the opportunity to acquire an independent hotel in a desirable market near several demand drivers. The new owner will have the opportunity to bring the rest of the guest rooms online to gain market share and improve bottom line. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the southeastern Montana region. The Fee Simple Land can be purchased separately (see Listing Agent for details).

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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