1602 W Beltline Hwy, Madison, WI 53713
Marcus & Millichap, National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Fee Simple interest in Super 8 Madison South. This extensively renovated, interior corridor hotel has three stories with elevator access to all eighty-eight guest rooms. The lobby is above expectations with 2x2 modern tile and a breakfast bar that offers cook to order breakfast for all guests. The Super 8 Madison South is listed as "The Best Madison area Super 8 as it was extensively renovated during 2016/2017 and shows more like an upper mid-scale hotel rather than an economy hotel. With outstanding guest reviews, it is evident that this hotel is positioned well for an investor to benefit from a high occupancy property, 70.5% (111.8% Index) while still being able to capture a solid ADR of $79, (80% Index).
This hotel is being offered to the market at an attractive price of $5,800,000 ($65k/key), well below replacement cost and at discount of 3.25x room revenue. This asset is an opportunity fits almost any hoteliers investment parameters with a 4% Management fee and 4% reserve built in to the underwriting to ease lending. This is prime opportunity to acquire a well maintained fully renovated limited service hotel that pushes the $2 mil threshold consistently offering sufficient cash flow to pencil in an owner's withdrawal of 3% or a hands off management fee attractive enough to partner with top regional companies. This is one of the few Madison market opportunities available for investors to acquire a well-established, stabilized asset, far below construction costs with consistent returns.
License(s): WI: 56163-90
Wisconsin
Marcus & Millichap, National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Fee Simple interest in Super 8 Madison South. This extensively renovated, interior corridor hotel has three stories with elevator access to all eighty-eight guest rooms. The lobby is above expectations with 2x2 modern tile and a breakfast bar that offers cook to order breakfast for all guests. The Super 8 Madison South is listed as "The Best Madison area Super 8 as it was extensively renovated during 2016/2017 and shows more like an upper mid-scale hotel rather than an economy hotel. With outstanding guest reviews, it is evident that this hotel is positioned well for an investor to benefit from a high occupancy property, 70.5% (111.8% Index) while still being able to capture a solid ADR of $79, (80% Index).
This hotel is being offered to the market at an attractive price of $5,800,000 ($65k/key), well below replacement cost and at discount of 3.25x room revenue. This asset is an opportunity fits almost any hoteliers investment parameters with a 4% Management fee and 4% reserve built in to the underwriting to ease lending. This is prime opportunity to acquire a well maintained fully renovated limited service hotel that pushes the $2 mil threshold consistently offering sufficient cash flow to pencil in an owner's withdrawal of 3% or a hands off management fee attractive enough to partner with top regional companies. This is one of the few Madison market opportunities available for investors to acquire a well-established, stabilized asset, far below construction costs with consistent returns.
License(s): WI: 56163-90
Wisconsin