Skip to main content

Hotel-Motel

Best Western Madison West Towne Suites

650 Grand Canyon Dr, Madison, WI 53719

Listing Price: $7,500,000

Cap Rate
6.80%
Number of Rooms
101
RevPAR
$50
Gross SF
108,900
Price/Room
$74,257
RRM
3.94
Price/Gross SF
$68.87
Year Built
1983

Investment Overview

Marcus and Millichap is pleased to be the exclusive representative in the sale of the Best Western West Towne Suites in Madison, WI. This extremely renovated property allows an owner to take advantage of a consistent, stabilized asset without renovation or large CapEx items. The Hotel achieved 135.7 RevPAR index through 2021 proving itself as the market leader. Consisting of 101 rooms across 2 stories the hotel has seen a solid recovery in the otherwise lagging Madison market. Priced well below replacement cost, the hotel features a healthy mix of room types including suites and kitchenettes. Located on the west side of Madison off Hwy 14, the hotel benefits from both leisure and business travelers. A few local attractions include the University of Wisconsin-Madison (4.7 miles), Epic Corporation (7.7 miles), and West Towne Mall (.5 miles). The hotel is self managed and unencumbered by management contracts.

Investment Highlights

  • Fully Renovated, Consistent Revenue Madison Hotel
  • Excellent Location With Freeway Visibility
  • Two Stories | 101 Rooms | 1 Elevator
  • Renovated Well Past Best Western Standards With Expectations of Auto-Transfer

Exclusively Listed By

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Hotel-Motel

Best Western Madison West Towne Suites

Listing Price: $7,500,000

Cap Rate
6.80%
Number of Rooms
101
RevPAR
$50
Gross SF
108,900
Price/Room
$74,257
RRM
3.94
Price/Gross SF
$68.87
Year Built
1983

Investment Highlights

  • Fully Renovated, Consistent Revenue Madison Hotel
  • Excellent Location With Freeway Visibility
  • Two Stories | 101 Rooms | 1 Elevator
  • Renovated Well Past Best Western Standards With Expectations of Auto-Transfer

Investment Overview

Marcus and Millichap is pleased to be the exclusive representative in the sale of the Best Western West Towne Suites in Madison, WI. This extremely renovated property allows an owner to take advantage of a consistent, stabilized asset without renovation or large CapEx items. The Hotel achieved 135.7 RevPAR index through 2021 proving itself as the market leader. Consisting of 101 rooms across 2 stories the hotel has seen a solid recovery in the otherwise lagging Madison market. Priced well below replacement cost, the hotel features a healthy mix of room types including suites and kitchenettes. Located on the west side of Madison off Hwy 14, the hotel benefits from both leisure and business travelers. A few local attractions include the University of Wisconsin-Madison (4.7 miles), Epic Corporation (7.7 miles), and West Towne Mall (.5 miles). The hotel is self managed and unencumbered by management contracts.

Exclusively Listed By

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

MM Texture Background
MM Textured Background Lower