242 E Airport Rd

For Sale

CONTACT REALTOR

REALTOR

Diamond Real Estate

406-861-8000

chuck@chuck-platt.com

242 E Airport Rd - Billings, MT

Property Type(s): Hotel

Building: 38,450 SF

Frontage: F

Parking Area: SF

Elevator: No

Overhead Doors: No

Lot Size: INQUIRE SF

Year Built: 2000

Loading Docs: No

Number of Stories: 4

Size:

LISTING ID: 257458

CREATED: 11/21/2024

UPDATED: 11/21/2024

PSF (Selling Price) $292.59 PSF

Price: $11,250,000

Est. Value: $

Taxes: $ per year

% Cap Rate: 4.46%

Insuarance: $

Operating Expenses Actual:$ - Projected: $

Mantenance: $

Other: $

Real Estate Taxes: $

Utilities: $INQUIRE

Property Descrition: The Boothill Inn & Suites is Unflagged and opened in October 2000. It has continued to grow its business and had developed a niche customer base. Through strong management, diligent maintenance, and continual upgrades, the Boothill Inn & Suites is consistently ranked at number 1 on Trip Advisor. Conveniently located near the Metra (10,000 seat arena) Airport, and easy access to many local attractions. It has a new website and online booking engine with emphasis on direct booking. The culture of the business is to focus on providing Exceptional Customer Service. Recent improvements include: conversion of 8 QQ rooms to Kings, replaced and modernized pool equipment, replaced all PTAC units in guestrooms and added wall controls, upgraded all guestroom door locks, replaced shuttle van with Suburban, installed CO detectors, upgraded all security cameras, refurbished elevator and upgraded cab of elevator at the same time, repainted and recarpeted guest rooms, installed new guest room lighting, repainted and recarpeted hallways, stairways and public areas.

Amenities: The Boothill Inn & Suites had room revenues of $2,812,153 in 2023. The ADR was $162.54 on 17,301 rooms sold with occupancy of 69% with RevPar at $111.66. The trailing 12 months occupancy from July 2024 is 69.5%. The Culture at the Boothill Inn & Suites has been focused on providing outstanding Customer Service. In order to insure that everyone has the same focus, the 39 employees are treated very well.

Construction Description:

Zoning/ Restrictions:

Advertising Copy: For more information, call Chuck Platt at 406-861-8000 or 406-256-0400 or visit WWW.CBCMONTANA.COM