Historic Graves Hotel, Restaurant & Lounge

Harlowton, MT (Wheatland County)

Historic Graves Hotel, Restaurant & Lounge

Asking Price:$699,900

Cash Flow:N/A

Gross Revenue:N/A





Historic Graves Hotel, Restaurant & Lounge

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Business Description

Restored historic Montana Graves Hotel for sale & a must see!

On June 19th 1909 businessman A.C. "Chris" Graves opened the new Graves Hotel built from locally quarried sandstone on a bluff in Harlowton. The hotel was one of the most famous in central Montana with an elaborate two-story veranda, beautiful oak trim, sweeping grand staircase & a formal dining room with 15 ft ornate tin ceilings. For many years the Graves hotel served the railroad and community. In the 1980's the Milwaukee Railroad filed for bankruptcy which devastated the town causing many local businesses to close along with the Graves Hotel.

Today the Graves Hotel, Restaurant & Lounge is back in business being restored back to it's grand beginnings.

The Graves Hotel is located in Harlowton at the cross roads of Hwy 191 & Hwy 12.

Seller has over $1,000,000 invested and is selling at a huge loss.

Detailed Information

Graves Hotel, Restaurant & Lounge is an EXCELLENT BUY at $699,900. This sale (because of health reasons) includes land, building, FF&E, full beverage license with gaming. The first floor which includes lobby, gift store, bar, kitchen, café & restaurant has been totally renovated. All mechanical equipment has been replaced or updated. Kitchen equipment replacement alone, cost of over a half million dollars. Top two floors have 45 hotel rooms. 25 rooms are being remodeled at this time.

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Lyle Dunham

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Lyle Dunham

Stratus Consulting

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