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Developer Buys Historic Monte Carlo Hotel for $1M Revamp

Source: billingsgazette.com

A Billings developer bought the historic Monte Carlo Hotel and adjoining buildings for $1 million.
The purchase includes plans to renovate the properties into a mixed-use space with apartments, offices, and retail.
This deal preserves a key downtown landmark facing demolition threats.

The article reports on local developer Cory Mortenson purchasing the Monte Carlo Hotel and two nearby buildings in downtown Billings from the city. The deal aims to restore these aging structures, which include the 1912 hotel once home to a famous brothel, rather than letting them be torn down. It matters because it protects Billings' historical heritage while boosting downtown revitalization through new housing and businesses.