INVESTMENT HIGHLIGHTS
EXCELLENT LOCATION OFF INTERSTATE 90
The WoodSpring Suites Billings is a newly constructed, 122-room hotel ideally located off Interstate 90 proximate to numerous corporate and leisure demand generators. For corporate guests, the Hotel is just 3 miles from the Phillips 66 Refinery, a 270-acre facility that employs 290 people and boasts a total throughput of 67,000 barrels per day. Established in 1949, the refinery has been a pillar of the local community for more than 75 years. Additionally, the Auto Auction of Montana is located across the freeway from the Hotel. The Auto Auction of Montana is the largest independent auto auction in the Northwest, regularly featuring ~500 cars on auction and drawing commercial travelers from across the region. Leisure travelers will enjoy the Hotel’s proximity to attractions such as Amend Park, located less than a mile away. Amend Park features more than 15 soccer fields that regularly host youth tournaments throughout the year as well as the annual Big Sky Rally, Montana’s largest hot air balloon event. ZooMontana, just 5.6 miles from the Hotel, is the state’s only zoo and botanical park and is home to 100 animals that represent 58 species. Downtown Billings (3 miles from the Hotel) features a vibrant mix of local eateries, entertainment venues, and cultural attractions, including the Moss Mansion Museum, Western Heritage Center, and Yellowstone Art Museum. Additional leisure attractions include Rimrock Mall (3.1 miles) and Stewart Park (3.9 miles). Connecting travelers to the area is Billings-Logan International Airport, which served a record 980,000 passengers in 2024.
NEWLY CONSTRUCTED ASSET IN HIGH BARRIER TO ENTRY MARKET
Recently opened in November 2024, the WoodSpring Suites Billings is the newest Extended Stay hotel in the market, with limited comparable assets under construction within a 5-mile radius. Billings is largely considered a high barrier-to-entry market due to increased cost of raw materials and sparse construction labor. The offering presents a Buyer with the opportunity to purchase a turn-key asset in a high barrier-to-entry market.
INSTITUTIONAL CHOICE BRANDED EXTENDED STAY ASSET
Choice Hotels stands as one of the world’s largest hotel companies, with Woodspring Suites holding the title of the nation’s fastest-growing economy extended stay hotel brand. Extended stay hotels have achieved occupancy rates 10% - 14% higher than the average hotel over the last 20 years and have proved resilient during and after COVID-19, consistently achieving 35%+ NOI margins. Additionally, all Choice Hotels are backed by the award-winning Choice Privileges rewards program applicable at more than 7,000 Choice Hotel locations worldwide.
LISTING CONTACTS
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ABOUT HUNTER
Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.
Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners.
