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.
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