A nearly century-old landmark in downtown Bozeman is preparing for a new chapter as a boutique luxury hotel.
.webp)
The iconic Baxter Hotel, originally opened in 1929, will be restored and returned to its roots through a partnership between Noble House Hotels & Resorts and Breakwater. The seven-story Art Deco property is expected to reopen in fall 2027 as a 32-room high-end boutique hotel.
For decades, the Baxter served as a centerpiece of Bozeman’s hospitality scene before being converted into condominiums in the 1980s. Today, the building operates primarily as a residential property with ground-floor retail. The upcoming redevelopment aims to restore its identity as one of Montana’s premier hospitality destinations.
Located in the heart of downtown Bozeman, the Baxter Hotel once welcomed travelers visiting what was then the state’s major commercial hub. Over the years, it hosted notable figures including Eleanor Roosevelt and Richard Nixon, cementing its place in local and national history.
“When you visit The Baxter Hotel, there is a palpable history and significance within its walls,” said Jamie Colee, CEO of Noble House Hotels & Resorts, in a statement.
Developers say the restoration will honor the building’s architectural heritage while introducing modern luxury amenities. Planned upgrades include a fully redesigned lobby, improvements to the nearly 3,000-square-foot ballroom, and preservation of key Art Deco elements that define the structure’s character.
Local firms Intrinsik Architecture, Envi Interior Design Studio, and Langlas & Associates Inc. will collaborate on the rehabilitation effort.
When it reopens, the hotel will feature 32 guest rooms along with a curated suite of upscale amenities. Plans include a fitness center with a cold plunge tub and infrared sauna, a recovery and treatment room, a members’ club, and an updated dining concept designed to serve both guests and locals.
The restoration aims to blend high-end hospitality with authentic local connection.
In a statement, Amy Horton, general manager of The Baxter Hotel, said that “for almost a century, people have been walking through these doors asking how they can check in — even over the past 50 years when The Baxter Hotel was no longer operating as a hotel.”
“That’s the kind of magnetism you can’t contrive,” Horton said.
The property’s majority owners, the Loseff and Orizotti families — Montana natives who have owned the hotel since 2004 — will retain majority ownership after reopening.
“The opportunity to partner with the Colee family (Noble House) and Breakwater in reestablishing this landmark as our town’s premier boutique hotel is the realization of many years of hard work,” David Loseff, co-owner of the hotel, said in a statement.
The Baxter’s restoration aligns with broader trends in the hospitality sector. Luxury continues to outperform other segments, with revenue per available room (RevPAR) in the luxury category rising year over year in 2025, according to industry reports. High-net-worth investors are increasingly active in boutique and experiential properties, while adaptive reuse projects remain attractive due to cost efficiencies compared to ground-up construction.
For Noble House — whose portfolio spans nearly 30 luxury and upscale hotels — the Bozeman project represents a strategic expansion following its recent rebranding and portfolio growth initiatives.
By combining historic preservation with experiential luxury, the revitalized Baxter Hotel aims to reassert itself as a cornerstone of downtown Bozeman — offering travelers a distinctive stay rooted in Montana’s heritage while meeting modern expectations for wellness, exclusivity, and design-forward hospitality.
Originally reported by Noor Adatia in Construction Dive.
.webp)
