Hotel Property and Related Assets in Montana
Listing Information
Hotel Property and Related Assets in Montana
Price: $1,640,000.00
Created: 10/06/2020
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Date: None Set
Debtor's Attorney
309 First Avenue North
Great Falls, MT 59403-3466
(406) 761-6112
Case Title: KHAN REAL ESTATE LLC
Court: Montana Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of hotel commonly known as the Western Inn located in Billings, Montana, together with furnishings, fixtures and equipment. The Western Inn in Billings, MT is a 40 unit, interior and exterior corridor family-owned and operated hotel in downtown Billings. Located just north of Interstate 94 in central Montana, the hotel is well situated in one of the fastest growing cities in the region and the largest city in Montana. The hotel is highly profitable and fully renovated, offering airport shuttle to Billings Logan International Airport with free trip parking. There is $24,000 of income for rental parking space to the Airport. The Owner has put in over $960,000 into the hotel since 2011, including a brand new roof with 30 year warranty, new carpet, energy saving windows, manager's apartment remodel, new signage, replaced old sewer lines and drainage system in parking lot, exterior and interior painting, roofing upgrades, and other extensive work. There are 10 exterior-only rooms, 3 exterior and interior entry rooms, 7 private balcony interior rooms, and 18 interior only rooms. Business generators include oil refineries, AT&T workers, tourism for national parks and via the international airport, MetraPark Events including concerts, rodeos, and fairs, as well as medical stays from nearby hospitals. There are plans for more businesses entering downtown soon with the Big Sky One Plaza Convention Center opening within 3 blocks of the Western Inn.
Features:
- Property Type: Hotel
- Building Size: 15,554 SF
- Lot Size: 0.48 AC
- Built in 1961