Listing Agents
Suzanna Farley Aldrich
T | 406.478.3010
saldrich@paramountlodging.com
Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed Fairfield Inn & Suites Billings, MT
- Available for individual sale as part of a larger 18-property institutional portfolio sale in the July 28th auction event via Ten-X
- Offered unencumbered by debt and management with the ability to retain the Fairfield Inn & Suites flag upon brand approval and completion of the PIP
- Significant operating improvement prospects following completion of the PIP and transfer to a regional owner/operator model with strong local economies of scale
- Adjacent to major thoroughfare I-90 with upwards of 18,000 vehicles passing the location daily
- Readily accessible to all core regional demand including Montana State University Billings, St. Vincent Healthcare, downtown Billings, and Billings Logan International Airport
- Opportune time to be investing in the Billings metro alongside several sizable developments including a $60MM expansion of Billings Logan International Airport, $78MM development of the new Montana College of Osteopathic Medicine Rocky Vista University campus, and reported $144MM estimate of Infrastructure Act spending earmarked for the state of Montana
- The Billings market set record occupancy and ADR levels in Spring 2022, becoming the state’s busiest hotel market