Broadwater began his career in 1862 as a livestock trader in the gold rush town of Bannack, Montana. He soon extended his interests into transportation, becoming superintendent of the large Diamond R Freighting Company, which dominated shipping in the Territory of Montana before the coming of the railroads. In the 1870s, Broadwater allied himself with James J. Hill, founder of the St. Paul, Minneapolis & Manitoba Railway, which, in 1890, became the Great Northern Railway (U.S.). Broadwater was also one of the Democratic "Big Four" of early Montana politics, along with Marcus Daly, William A. Clark, and Samuel T. Hauser.
He may, however, be best remembered for the luxurious but ill-fated Hotel Broadwater and Natatorium, which he built near Helena between 1888 and 1889. He hoped to capitalize on Montana's newfound mining elite and the wealth that came along with it but although the hotel was the last word in luxury and innovation it was never able to draw the wealthy crowds that Charles Broadwater predicted.
Broadwater died at his hotel in Helena, Montana on May 24, 1892, aged 51, of the effects of influenza contracted in New York the previous year.[1] More than 5,000 people attended his funeral. He is buried in Forestvale Cemetery.
The following were members of the Society of Montana Pioneers which limited membership to individuals living in Montana on or before December 31, 1868.