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Hotel-Motel

Eddy's Motel

1205 S Montana St, Butte, MT 59701

Listing Price: $650,000

Cap Rate
1.00%
Number of Rooms
26
RevPAR
$17
Price/Room
$25,000
RRM
4.13
Year Built
1970

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 Eddy’s Motel Butte (‘Hotel’ or ‘Property’) located in Butte, Montana. The independent Hotel is offered at $650,000 or $25,000 per key. Eddy’s Motel Butte is a 26-room Hotel stationed at 1205 S Montana St in Butte, Montana near Interstate 15. Various room amenities the Property maintains include a cable television, mini refrigerator, microwave, and Wi-Fi. Butte is located in the northern Rocky Mountains on the Continental Divide and the county seat of Silver Bow County in Southwest Montana. The fifth-largest city in Montana, Butte is located about 68 miles south of the state capital Helena and 85 miles west of Bozeman. Butte has a rich history as a copper boomtown in the mid-1800s, when it became the largest copper producer in North America and one of the wealthiest cities in the world. Today, the city's economy is primarily centered around energy, with companies such as the Renewable Energy Corporation and NorthWestern Energy dominating the market. The city is also home to Montana Technological University, a public engineering and technical university with nearly 2,300 students, that contributes to various facets of the local economy. The city’s highly active downtown serves as a major source of entertainment for tourists and locals with a wide range of attractions scattered throughout the area. In what’s known as Mainstreet Uptown Butte, numerous events take place year-round, such as the Chinese New Year’s Parada, Montana Folk Festival, Montana Irish Festival (An Ri Ra), St. Patrick’s Day, and Butte Freedom Festival. Butte’s visitors also can browse the city’s historic shopping district, complete with several specialty stores, museums, and restaurants. A rich cultural hub for Montana, fine art prints from locally and nationally acclaimed artists hang in a diverse array of galleries near Butte’s assorted antique shops. Outside of a bustling downtown scene, many outdoor enthusiasts take advantage of Butte’s world-class golf courses, hiking, hunting, skiing, and snowmobiling destinations, among the many other recreational activities available. Today, Butte’s Uptown Historic District, part of the National Register of Historic Places and one of the largest National Historic Landmark Districts in the United States, contains nearly 6 thousand historic properties. The Property is in a prime location near downtown Butte and within the fifth-largest market in Montana, providing ample opportunity for development and growth. While the current owners have been satisfied with the Hotel's operations as a boutique, a prospective buyer could potentially increase the RevPAR through better revenue management and maximize the NOI flow-through. The Hotel's location near downtown and the local presence of Montana Tech makes it well-positioned to take advantage of various demand generators in the city.

Investment Highlights

  • 26-Room Boutique Hotel Situated within Montana's Fifth-Largest Market
  • Located about 68 Miles South of Helena, 85 Miles West of Bozeman, and 110 Miles East of Missoula
  • Strong Nearby Demand Generators and Numerous Year-Round Events Provide Framework for Future Growth
  • Value Add Asset with Prime Location near Highly Active Downtown Area Presents Potential Upside
  • Property Situated Less Than 5 Miles from Bert Mooney Airport and 2 Miles from Montana Technological University

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

Eddy's Motel

Listing Price: $650,000

Cap Rate
1.00%
Number of Rooms
26
RevPAR
$17
Price/Room
$25,000
RRM
4.13
Year Built
1970

Investment Highlights

  • 26-Room Boutique Hotel Situated within Montana's Fifth-Largest Market
  • Located about 68 Miles South of Helena, 85 Miles West of Bozeman, and 110 Miles East of Missoula
  • Strong Nearby Demand Generators and Numerous Year-Round Events Provide Framework for Future Growth
  • Value Add Asset with Prime Location near Highly Active Downtown Area Presents Potential Upside
  • Property Situated Less Than 5 Miles from Bert Mooney Airport and 2 Miles from Montana Technological University

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 Eddy’s Motel Butte (‘Hotel’ or ‘Property’) located in Butte, Montana. The independent Hotel is offered at $650,000 or $25,000 per key. Eddy’s Motel Butte is a 26-room Hotel stationed at 1205 S Montana St in Butte, Montana near Interstate 15. Various room amenities the Property maintains include a cable television, mini refrigerator, microwave, and Wi-Fi. Butte is located in the northern Rocky Mountains on the Continental Divide and the county seat of Silver Bow County in Southwest Montana. The fifth-largest city in Montana, Butte is located about 68 miles south of the state capital Helena and 85 miles west of Bozeman. Butte has a rich history as a copper boomtown in the mid-1800s, when it became the largest copper producer in North America and one of the wealthiest cities in the world. Today, the city's economy is primarily centered around energy, with companies such as the Renewable Energy Corporation and NorthWestern Energy dominating the market. The city is also home to Montana Technological University, a public engineering and technical university with nearly 2,300 students, that contributes to various facets of the local economy. The city’s highly active downtown serves as a major source of entertainment for tourists and locals with a wide range of attractions scattered throughout the area. In what’s known as Mainstreet Uptown Butte, numerous events take place year-round, such as the Chinese New Year’s Parada, Montana Folk Festival, Montana Irish Festival (An Ri Ra), St. Patrick’s Day, and Butte Freedom Festival. Butte’s visitors also can browse the city’s historic shopping district, complete with several specialty stores, museums, and restaurants. A rich cultural hub for Montana, fine art prints from locally and nationally acclaimed artists hang in a diverse array of galleries near Butte’s assorted antique shops. Outside of a bustling downtown scene, many outdoor enthusiasts take advantage of Butte’s world-class golf courses, hiking, hunting, skiing, and snowmobiling destinations, among the many other recreational activities available. Today, Butte’s Uptown Historic District, part of the National Register of Historic Places and one of the largest National Historic Landmark Districts in the United States, contains nearly 6 thousand historic properties. The Property is in a prime location near downtown Butte and within the fifth-largest market in Montana, providing ample opportunity for development and growth. While the current owners have been satisfied with the Hotel's operations as a boutique, a prospective buyer could potentially increase the RevPAR through better revenue management and maximize the NOI flow-through. The Hotel's location near downtown and the local presence of Montana Tech makes it well-positioned to take advantage of various demand generators in the city.

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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