Iconic property in Bozeman, Montana, to be restored as boutique hotel

An almost 100-year-old property in Bozeman, Montana, is returning to its unique function as a boutique resort, with a gap anticipated for fall 2027.

The house owners of the seven-story landmark Baxter Lodge are teaming up with Noble Home Resorts & Resorts and Breakwater to transform the present residential property, which additionally options ground-floor retail, right into a 32-key luxurious boutique resort, in accordance with a information launch obtained by Lodge Dive. 

Located in downtown Bozeman, the Art Deco property first opened in 1929 as lodging for these visiting the state’s main heart of commerce. It operated as a resort for about 50 years earlier than a former developer determined to transform it into condominiums within the Nineteen Eighties. 

Now, Kirkland, Washington-based Noble Home and Miami-based hospitality funding and advisory agency Breakwater plan to begin restoration work sometime this spring, in accordance with KTVH Information. 

“While you go to The Baxter Lodge, there’s a palpable historical past and significance inside its partitions,” mentioned Jamie Colee, CEO of Noble Home Resorts & Resorts, in an announcement. The resort has hosted notable company over time, together with Eleanor Roosevelt and Richard Nixon. 

The forthcoming restoration goals to honor the resort’s “century-long legacy by way of uncompromising requirements and real connection to Bozeman and its residents,” per the discharge. Along with the 32 visitor rooms, the resort will embrace a health heart with a chilly plunge tub and infrared sauna, restoration room and therapy room, a members’ membership and an up to date eating space. 

The rehab can even embrace upgrading the resort’s foyer and its practically 3,000-square-foot ballroom. Native structure teams, together with Intrinsik Structure, Envi Inside Design Studio and Langlas & Associates Inc., will likely be concerned within the restoration.

In an announcement, Amy Horton, basic supervisor of The Baxter Lodge, mentioned that “for nearly a century, folks have been strolling by way of these doorways asking how they’ll test in — even over the previous 50 years when The Baxter Lodge was not working as a resort.”

“That’s the type of magnetism you possibly can’t contrive,” Horton mentioned. 

The Loseff and Orizotti households, who each hail from Montana, have owned the resort since 2004 and can proceed to be majority house owners of the property as soon as it reopens. 

“The chance to companion with the Colee household (Noble Home) and Breakwater in reestablishing this landmark as our city’s premier boutique resort is the belief of a few years of laborious work,” David Loseff, co-owner of the resort, mentioned in an announcement.

This challenge comes about 5 months after Noble Home underwent a rebranding effort and added a $100 million hotel in Arizona to its portfolio. As of September, the group’s portfolio spanned 29 luxurious and upscale inns that emphasize emotional connection. 

Luxurious continues to dominate the resort market, with luxury RevPAR increasing by 3% year over year in 2025, in accordance with a current JLL report, which additionally highlighted that high-net-worth people have gotten extra concerned within the resort area. Moreover, conversions remain a popular choice for developers as they have an inclination to outweigh the prices of latest development.