IN CONTRACT - This property is currently in contract, the seller will consider offers in backup position only.
14.01% Cap Rate, 41.27% ROI & 3.12 GRM
Upscale Glamping Resort Destination Near Yellowstone National Park
Dreamcatcher Tipi Hotel offers visitors the upscale resort amenities of a hotel and the adventure of camping. The property features 4 owned acres within walking distance to the Yellowstone River and just a short drive from the only year-round entrance to Yellowstone National Park. There are currently 14 tipis with room to expand in the future. The 22' tipis are wood and canvas built on concrete foundations, and each one sleeps 2-4 guests comfortably. Every tipi offers guests full electrical, including outlets and lighting, as well as heaters for comfort. A new bathhouse offers 7 private bathrooms, steaming hot rain showers, warm-to-touch heated floors, and high-end fixtures. Guest amenities include high-end furnishings, luxury bedding, bath products, and towels, as well as complimentary coffee. Facilities include a lobby/store tent, breakfast tent, storage sheds, mechanical room, fire-pit, barbeques, and ample parking. The property includes fenced in RV hookups. 2 on-site RVs (1 Bedroom, 1 Bathroom each) for employee housing or office. Potential to expand subject to Buyer’s independent investigations. Currently, open seasonally from May to the end of September.
Location:
Old West style Gardiner sits on the north edge of Yellowstone, making it a convenient gateway town hosting 800,000 annual visitors. Gardiner is a full-service town with a variety of restaurants, camping supply stores, gift shops, galleries, outdoor tours, and visitor activity providers. Gardiner is adjacent to the only year-round entrance to Yellowstone National Park, and 5 miles from Mammoth Hot Springs. The city of Gardiner lays claim to approximately 10 million acres of public lands. This area is home to one of the most diverse collections of large wildlife species in the country including bison, bighorn sheep, elk, pronghorn, grizzly bears, black bears, and wolves. The town also enjoys Montana’s first access to the wild and scenic Yellowstone River—the longest free-flowing river in the lower 48 states.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
