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1015 Haynes AveMiles City, MT 59301

53-Room Hotel, Prime Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional hospitality investment opportunity presents a 53-room, two-story hotel totaling 26,272 square feet situated on a 0.7-acre lot at 1015 S Haynes Ave, Miles City, MT 59301. Built in 1969 and renovated in 2012, the property boasts 49 guest rooms and four suites, along with two additional apartment units (one 2-bed/1-bath, one 2-bed/2-bath). The hotel features 44 parking spaces and enjoys prime visibility along State Route 59 with direct access to Interstate 94, experiencing over 14,000 vehicles per day. Recent upgrades include a new roof, exterior repainting, updated unit appliances and furniture, and refreshed landscaping and facade. Approved for re-flagging with Best Western or SureStay, this asset offers significant value-add potential. The hotel includes a modern business center, an indoor pool, hot tub, and sauna, catering to both business and leisure travelers. Its strategic location near major employers like Billings Clinic, Fort Keogh, and Miles Community College ensures consistent demand. Proximity to downtown Miles City (2 miles) provides easy access to restaurants and retail. The property's current occupancy rate is approximately 53%, presenting opportunities to enhance profitability through operational improvements and strategic marketing. No new hotel supply has entered the market in the past five years, minimizing competition. This well-maintained property offers a strong foundation for a successful hospitality venture in a growing market. The APN is 14-1740-34-4-16-01-0000. The permitted zoning is 6.

Highlights

  • 53-room, two-story hotel totaling 26,272 square feet on a 0.7-acre lot, with highway access and re-flagging approval, offering key money incentives from Choice Hotels.
  • Sonesta, Best Western, SureStay, Choice, and ERTH INN by AGA Hotels have expressed franchise interest.
  • Choice Hotels offers a re-flagging option with key money incentives; see due diligence for details.
  • High-visibility location two miles from downtown, off Interstate 94, with over 14,000 vehicles per day.
  • Amenities include a business center, indoor pool, hot tub, and sauna.
  • Strategic location near major employers and Miles Community College, catering to business and leisure travelers.

Property Details for 1015 Haynes Ave

Property type
Hospitality properties, Hotels
Square Feet
26,272 SF
Year Built/Renovated
1969/2012
Buildings
1
Stories
2
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Miles City
County
Custer
State
Montana
Latitude
46.3987094
Longitude
-105.8231026
1015 Haynes Ave, Miles City, Montana

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1015 Haynes Ave
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