With the help of the Montana & Idaho Community Development Corporation (MICDC) and the New Markets Tax Credit (NMTC) Program, the new Home2 Suites by Hilton has opened on Seventh Avenue North in Billings. The Home2 Suites by Hilton, which was developed by JWT Capital LLC and is managed by Lodging Dynamics Hospitality Group, offers 95 suites with fully equipped kitchens and modular furniture. Through the NMTC Program, the Montana & Idaho CDC provided just over $3.4 million in tax credit equity toward the $13.8 million project.
The extended-stay Home2 Suites by Hilton in Billings – the first one in Montana – offers an indoor saline pool, outdoor fire pit and barbecue grill area, 24-hour business center, Spin2 Cycle combined laundry/fitness area, Home2 Market for grab-and-go items, Inspired Table complimentary breakfast, internet access and community spaces. It is also pet-friendly.
The Montana & Idaho CDC has used NMTCs to finance business startups and facilities expansions that generate quality jobs and other economic benefits. MICDC also uses the tax credits to finance community facilities that serve the needs of low-income Montanans.
The Home2 Suites by Hilton brought 110 construction jobs and 18 permanent jobs to Billings. It is expected to be an important part of the downtown area, located across the street from two regional hospitals and associated clinics and surgery centers. It is two miles from Billings Logan International Airport, a short walk from Dehler Park and downtown shopping and dining options, and minutes from Montana State University Billings.
- Category: City and County
- Written by Press Room
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