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Hotel-Motel

Travelodge Livingston

102 Rogers Ln, Livingston, MT 59047

Listing Price: $3,850,000

Cap Rate
12.97%
Number of Rooms
44
RevPAR
$67
Gross SF
25,978
Price/Room
$87,500
RRM
3.55
Price/Gross SF
$148.20
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of two adjacent limited-service hotels in Livingston, Montana: the 37-room Super 8 by Wyndham and the 44-room Travelodge by Wyndham. These fee simple assets may be acquired individually or as a portfolio, offering investors operational flexibility and scale in a highly sought-after Montana market.

Strategically positioned along Interstate 90, both hotels benefit from exceptional visibility and direct access to one of the most heavily traveled routes into Yellowstone National Park. As the original gateway to Yellowstone’s northern entrance, Livingston continues to attract a strong and diverse mix of year-round demand generators, including leisure travelers, outdoor enthusiasts, and regional business activity.

Livingston is nationally recognized for its historic charm, vibrant arts community, and world-class fly-fishing along the Yellowstone River. The market continues to experience stable tourism growth while maintaining high barriers to entry for new development, making this an attractive opportunity for both owner-operators and institutional investors alike.

Both properties are unencumbered by long-term management and franchise agreements, allowing for continued brand operation or repositioning under a new flag. Whether held for income or targeted for renovation and rebranding, this offering presents a rare chance to acquire well-located hotel assets in one of the most iconic recreational markets in the country.

Investment Highlights

  • Situated in a prime location of Livingston, MT, these well-maintained hotels make for an excellent jumping off point to many of southwest Montana's exciting attractions.
  • Historically, the hotels have had stable cash flow with very minimal volatility. The visitation at Yellowstone National Park has steadily increased since it opened in 1872.
  • Montana's pro-business environment—most notably the absence of a state sales tax—creates a significant financial advantage for hotel owners across the state.
  • The Travelodge and Yellowstone Mall total 1.76 acres across two parcels, both zoned HC-Highway Commercial—a scarce and valuable designation.

Exclusively Listed By

  • Joseph Ferguson

    Director Investments

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

  • Jon Ruzicka

    Managing Director Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Reed Gizinski

    Associate Investments

    (952) 852-9731

    Email Reed

    License(s): MN: 40892986

    Minneapolis

Broker of Record

  • Adam Christofferson

    Brokerage Consultant

    (303) 550-0168

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

    Montana

Hotel-Motel

Travelodge Livingston

Listing Price: $3,850,000

Cap Rate
12.97%
Number of Rooms
44
RevPAR
$67
Gross SF
25,978
Price/Room
$87,500
RRM
3.55
Price/Gross SF
$148.20
Year Built
1976

Investment Highlights

  • Situated in a prime location of Livingston, MT, these well-maintained hotels make for an excellent jumping off point to many of southwest Montana's exciting attractions.
  • Historically, the hotels have had stable cash flow with very minimal volatility. The visitation at Yellowstone National Park has steadily increased since it opened in 1872.
  • Montana's pro-business environment—most notably the absence of a state sales tax—creates a significant financial advantage for hotel owners across the state.
  • The Travelodge and Yellowstone Mall total 1.76 acres across two parcels, both zoned HC-Highway Commercial—a scarce and valuable designation.

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of two adjacent limited-service hotels in Livingston, Montana: the 37-room Super 8 by Wyndham and the 44-room Travelodge by Wyndham. These fee simple assets may be acquired individually or as a portfolio, offering investors operational flexibility and scale in a highly sought-after Montana market. Strategically positioned along Interstate 90, both hotels benefit from exceptional visibility and direct access to one of the most heavily traveled routes into Yellowstone National Park. As the original gateway to Yellowstone’s northern entrance, Livingston continues to attract a strong and diverse mix of year-round demand generators, including leisure travelers, outdoor enthusiasts, and regional business activity. Livingston is nationally recognized for its historic charm, vibrant arts community, and world-class fly-fishing along the Yellowstone River. The market continues to experience stable tourism growth while maintaining high barriers to entry for new development, making this an attractive opportunity for both owner-operators and institutional investors alike. Both properties are unencumbered by long-term management and franchise agreements, allowing for continued brand operation or repositioning under a new flag. Whether held for income or targeted for renovation and rebranding, this offering presents a rare chance to acquire well-located hotel assets in one of the most iconic recreational markets in the country.

Exclusively Listed By

  • Joseph Ferguson

    Director Investments

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

  • Jon Ruzicka

    Managing Director Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Reed Gizinski

    Associate Investments

    (952) 852-9731

    Email Reed

    License(s): MN: 40892986

    Minneapolis

Broker of Record

  • Adam Christofferson

    Brokerage Consultant

    (303) 550-0168

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

    Montana

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