Marcus & Millichap Facilitates Sale of Newly Constructed Courtyard Hotel in Billings, Montana

Reuters

2025/08/02

Marcus & Millichap Facilitates Sale of Newly Constructed Courtyard Hotel in Billings, Montana

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully closed the sale of the Courtyard Billings, a 137-room hotel located in Billings, Montana. The transaction, completed on July 31, 2025, marks a significant event in the local hospitality market, which has experienced limited activity due to elevated interest rates and stringent buyer standards. The newly constructed, premium-branded hotel, situated near Interstate 90 and close to the Billings Logan International Airport, was sold by Veeder Hospitality Associates LLC and acquired by InterMountain Management. The deal reflects growing investor confidence in Montana's long-term fundamentals, driven by sectors such as tourism, healthcare, and energy. Marcus & Millichap's team, led by Skyler Cooper and associates, facilitated the transaction, ensuring a smooth process and demonstrating continued interest in institutional-quality assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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The transaction, completed on July 31, 2025, marks a significant event in the local hospitality market, which has experienced limited activity due to elevated interest rates and stringent buyer standards. The newly constructed, premium-branded hotel, situated near Interstate 90 and close to the Billings Logan International Airport, was sold by Veeder Hospitality Associates LLC and acquired by InterMountain Management. The deal reflects growing investor confidence in Montana's long-term fundamentals, driven by sectors such as tourism, healthcare, and energy. 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Marcus &amp; Millichap Inc. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MMI","symbol_name":"Marcus & Millichap Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250801:nNDL2Wlkph:1","article_id":"2556485408","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556485408","pubTimestamp":1754070325,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully closed the sale of the Courtyard Billings, a 137-room hotel located in Billings, Montana. 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The transaction, completed on July 31, 2025, marks a significant event in the local hospitality market, which has experienced limited activity due to elevated interest rates and stringent buyer standards. The newly constructed, premium-branded hotel, situated near Interstate 90 and close to the Billings Logan International Airport, was sold by Veeder Hospitality Associates LLC and acquired by InterMountain Management. The deal reflects growing investor confidence in Montana's long-term fundamentals, driven by sectors such as tourism, healthcare, and energy. Marcus & Millichap's team, led by Skyler Cooper and associates, facilitated the transaction, ensuring a smooth process and demonstrating continued interest in institutional-quality assets.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}