I didn't realize the install package on the downloads is a sfx package. Please follow these steps (at your own risk).
1. Type %TEMP% in file explorer and press Enter. This will take you to system temp folder.
2. Run bt_17.1.1.1406.01_e64.exe and pause on the Welcome wizard screen
3. Now, on the temp folder, if you sort by "Date Modified" you should see a new xxx.tmp folder. If it contains Intel Bluetooth.msi then just drag the tmp
folder to desktop. It should contain setup.exe. Otherwise, please check other .tmp folders.
4. Now exit from the Welcome wizard screen and run the setup.exe with LPUSBHUBWA=TRUE option.