Investment Overview

The Super 8 by Wyndham Bozeman is an interior-corridor economy hotel featuring 107 spacious guest rooms across two 3-story buildings. This Wyndham Hotels & Resorts-branded hotel is located at 800 Wheat Drive in Bozeman, Montana, and is visible and accessible just off Interstate 90, which experiences over 47,000 vehicles in average daily traffic. Amenities include a business center, on-site guest laundry, a gift shop, and Trailer / RV parking with outlets. The Bozeman Metropolitan Statistical Area (Bozeman, MT MSA) includes the city of Bozeman, with a population of approximately 126,000 and its surrounding communities in southwestern Montana. Located in the Gallatin Valley, the region is known for outdoor activities such as skiing, hiking, and mountain biking. As the largest city in the MSA, Bozeman is a hub for residents and visitors, combining natural beauty, recreational options, and a vibrant arts scene. Known for outdoor activities and as a “gateway community” for world-class recreation, Bozeman offers skiing at resorts like Bridger Bowl and Big Sky, as well as hiking and mountain biking. It is also a gateway to Yellowstone National Park; many of the 1.6 million visitors entering Yellowstone National Park at West Yellowstone pass through BZN, and Bozeman is famous for its geothermal features and wildlife. Bozeman, Montana, has strong transportation connectivity, with Bozeman Yellowstone International Airport (BZN) just 8.7 miles away from the subject property. This airport serves over 2 million passengers annually and offers direct flights to major U.S. cities like Denver, Seattle, and Chicago. Bozeman is also accessible via Interstate 90 and U.S. Route 191. Located about 140 miles from Billings, 200 miles from Missoula, and 320 miles from Spokane, it serves as a regional hub for travelers visiting Yellowstone National Park. Its proximity to the Canadian border, approximately 400 miles from Calgary, attracts international tourists and expands market opportunities. Montana State University (MSU) is the largest university in Montana, setting a fall enrollment record of over 17,000 students. MSU is also the largest employer in the region, with approximately 5,000 employees. The university serves as the biggest research enterprise in the state, with $230 million in annual research expenditures. MSU ranks in the top five percent of universities worldwide and among the top 175 colleges in the U.S. Gallatin College MSU (2.5 miles away), with approximately 800 enrollees, is Southwest Montana’s two-year college, offering two-year associate degrees and one-year professional certificates. Bozeman, Montana, has become a notable tech hub with several key companies. Next Frontier Capital focuses on investing in Rocky Mountain tech firms, having funded over 35 startups and invested more than $29 million in Montana companies since 2015. PFL Tech, based in Bozeman and Livingston, integrates direct mail with digital solutions through its marketing technology platform. onX, a digital outdoor navigation company founded by a Montana State University graduate, covers extensive public lands and employs over 250 people in Bozeman. Schedulicity, located on Ferguson Ave, leads in online appointment scheduling with over 80 employees. Foundant Technologies, also founded by MSU alumni, focuses on making philanthropy more accessible through innovative SaaS solutions. These companies are central to Bozeman’s growing tech landscape. Healthcare is another key industry in Bozeman, anchored by Bozeman Health, which operates Bozeman Health Deaconess Regional Medical Center (3.5 miles away), a 125-bed facility, DNV GL-accredited, and a certified Level III trauma center. The hospital employs over 1,000 people and received a five-star overall hospital quality rating for 2021 from the Centers for Medicare & Medicaid Services (CMS). Tourism drives Bozeman’s economy, with millions visiting nearby attractions close to the Super 8 by Wyndham Bozeman. Yellowstone National Park, 87.8 miles away, attracts over 4 million visitors annually, many passing through Bozeman. Big Sky Resort, 51.1 miles from the city, draws hundreds of thousands of visitors year-round, increasing demand for local accommodations. Bozeman’s proximity to the Bridger Bowl Ski Area, which recorded 377,663 skier visits last season, and the Custer Gallatin National Forest, 24 miles away and attracting about 3.5 million visitors annually, provides ample opportunities for outdoor activities. This influx of tourists makes Bozeman a popular destination and supports local businesses. The redevelopment of the Gallatin Valley Mall will transform the east end into a “Main Street” retail experience, adding 15,000 square feet of retail space to the 37-acre property. This project is expected to be occupied and operational by the end of December 2025. Phase II of Ferguson Farm is an additional 31 acres of mixed-use development with the Urban + Farm is a new mixed-use community in West Bozeman, blending urban connectivity with the Montana lifestyle. Along with a community hub and commercial area, the development allocates 15% of its space for parks and open areas to enhance the community atmosphere. Phase 1 infrastructure development began in 2023, with Phase 2 expected to be completed by early 2025. The Hotel’s RevPAR penetration index of 110 percent for the twelve months ending in August 2024 and sustained index of 109 percent over the next five years offer significant advantages for potential buyers. These advantages include heightened room revenues, excess capital for renovations, and operational benefits such as improved cash flow and economies of scale. The Hotel achieved an impressive net operating income margin of 44.8 percent for the twelve months ending in August 2024. This indicated significant advantages for buyers, such as excess capital for renovations, operational efficiency, and robust investment potential.