Bozeman's Iconic Baxter Hotel to Reopen as Boutique Hotel

The historic hotel will undergo restoration and conversion to luxury accommodations after decades as residential condos.

Published on Feb. 21, 2026

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The iconic Hotel Baxter in Bozeman, Montana, which has operated as residential condos for the past 40 years, will reopen as a boutique hotel starting next year - nearly 100 years after it first opened its doors in 1929. The restoration and conversion project is being led by co-owners David Loseff and Rick Orizotti, who have owned the Baxter since 2004. The hotel will initially feature 32 luxury rooms, while the Bacchus Pub, Ted Montana's Grill, and Café Aurore will remain open.

Why it matters

The Baxter Hotel has long been a landmark in Bozeman, and its reopening as a boutique hotel will restore the building to its original purpose and honor its history as a community-driven project. The restoration also comes as Bozeman continues to grow and evolve, with the Baxter serving as an iconic piece of the city's past and future.

The details

The Baxter Hotel first opened in 1929 after 250 community members, including ranchers and business owners, invested in the project to create a new state-of-the-art hotel in Bozeman. The hotel operated until the 1980s when it was converted into condominiums. Now, after over 20 years of planning, Loseff and Orizotti are leading the effort to restore the Baxter to its original use as a boutique hotel. The restoration will involve converting the upper-level condos into 32 luxury hotel rooms, while the Bacchus Pub, Ted Montana's Grill, and Café Aurore will remain open.

  • The Baxter Hotel first opened its doors in 1929.
  • The hotel operated as a hotel until the 1980s, when it was converted into condominiums.
  • Loseff and Orizotti have owned the Baxter Hotel since 2004.
  • Restoration of the Baxter Hotel will begin this spring.
  • The estimated completion date for the restoration is fall 2027.

The players

David Loseff

The co-owner of the Hotel Baxter, who moved to Bozeman 35 years ago and has been the co-owner since 2004.

Rick Orizotti

The co-owner of the Hotel Baxter, who has been the co-owner with David Loseff since 2004.

Hotel Baxter

The iconic hotel in Bozeman, Montana, that first opened its doors in 1929 and is now undergoing restoration to reopen as a boutique hotel.

Amy Horton

The individual who oversees real estate and hospitality for the Baxter Hotel.

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What they’re saying

“It's been a 20-year process, and it's been a dream.”

— David Loseff, Co-owner of Hotel Baxter

“My kids are native Montanans, and so this is really home to all of us.”

— David Loseff, Co-owner of Hotel Baxter

“The community came together and said we need to create a brand-new state-of-the-art hotel.”

— David Loseff, Co-owner of Hotel Baxter

“We have, in the lobby, people calling and walking in virtually every other day trying to figure out how to check in and find a room, even though we haven't been a hotel in 50 years. And so, to be able to restore to what it's intended to be is such a precious dream.”

— David Loseff, Co-owner of Hotel Baxter

“This is an exciting time for all of us to gather around our iconic Baxter Hotel.”

— Amy Horton, Oversees real estate and hospitality for the Baxter

What’s next

Restoration of the Baxter Hotel will begin this spring, with an estimated completion date of fall 2027.

The takeaway

The restoration of the iconic Baxter Hotel in Bozeman represents the community's enduring commitment to preserving its history and landmarks, even as the city continues to evolve. The Baxter's return to its original purpose as a boutique hotel will allow it to serve as a touchstone for both residents and visitors, celebrating Bozeman's past while embracing its future.