1015 s haynes ave

Located at 1015 S Haynes Avenue in Miles City, Montana, the former Best Western War Bonnet Inn presents an exceptional opportunity for investors seeking a cash-flowing hospitality asset. This two-story hotel, encompassing 26,272 square feet, features 49 guest rooms and four suites. The hotel also features 2 apartment units each featuring a kitchen. One is a 2-bed/1 bath, and the other is a 2-bed/2 bath. Originally built in 1969, the property sits on 0.7 acres with prime visibility along State Route 59 and direct access to Interstate 94, where over 14,000 vehicles pass daily. Having received numerous recent upgrades, the property is approved for re-flagging for Best Western or SureStay branding. Since 2023, ownership has invested in a new roof, repainted the exteriors, updated unit appliances and new furniture, and refreshed the facade and landscaping. This rare opportunity allows investors to get a running start with an expertly maintained hospitality asset with approval from household-name hotel brands. Within the primary lodging hub for Miles City, the hotel benefits from its proximity to other 2-star accommodations and essential amenities. Guests enjoy access to a modern business center and a heated recreation area, complete with an indoor pool, hot tub, and sauna, making the property a favorite for travelers. 1015 S Haynes Avenue is strategically positioned to accommodate business meetings and conferences. Major local employers such as Billings Clinic, Bureau of Land Management, Fort Keogh, Sanjel Corporation, and Montana Fish, Wildlife, and Parks — are all just minutes away. Additionally, guests visiting the area's students and faculty won't have to travel far, with Miles Community College only a mile away. Guests can also explore the natural beauty of the region through activities like fishing at the Yellowstone River and Spotted Eagle Lake, golfing at the Miles City Town & Country Club, and enjoying the Miles City Natural Oasis pool. Local events, including the Bucking Horse Sale and the Eastern Montana Fair, along with sporting events at nearby schools, provide further entertainment options. With downtown just 2 miles away, guests can quickly access popular local restaurants and national retailers. The property currently boasts a year-to-date occupancy rate of approximately 53%, with RevPAR trailing behind competitors, highlighting significant value-add opportunities. Upgrading the hotel and implementing operational efficiencies could enhance profitability. Notably, no new hotel supply has entered the submarket in the past five years, minimizing competition for existing hotels and positioning the hotel favorably in the market. Invest in the former Best Western War Bonnet Inn, where opportunity meets potential in the heart of Miles City.