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Hotel-Motel

Best Western Madison

167 SE Bandit St, Madison, FL 32340

Listing Price: $6,300,000

Number of Rooms
58
RevPAR
$72
Gross SF
31,813
Price/Room
$108,621
Price/Gross SF
$198.03
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in the 58- room, three-story, interior corridor Best Western Plus Madison Inn. Strategically positioned between I-10 and N County Road 53, the Best Western Madison Plus Inn captures a strong share of the roadside economy market derived from traffic such as travel to Florida State University. The property also has numerous demand generators such as the local Nestle Waters Nestle Pure Life Brand providing various sources of potential room revenue. Operationally, the hotel has outcompeted its local competitive set in 2020 indicating a strong and well-run management team allowing future operators with a strong client base.

Investment Highlights

  • The investment has generated approximately $1,218,916 through September of 2021.
  • This property was completed renovated in 2021 and will be delivered with minimal PIP to new ownership.
  • Opportunity to add an additional 40 rooms as per previous site plans.

Exclusively Listed By

Hotel-Motel

Best Western Madison

Listing Price: $6,300,000

Number of Rooms
58
RevPAR
$72
Gross SF
31,813
Price/Room
$108,621
Price/Gross SF
$198.03
Year Built
1996

Investment Highlights

  • The investment has generated approximately $1,218,916 through September of 2021.
  • This property was completed renovated in 2021 and will be delivered with minimal PIP to new ownership.
  • Opportunity to add an additional 40 rooms as per previous site plans.

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in the 58- room, three-story, interior corridor Best Western Plus Madison Inn. Strategically positioned between I-10 and N County Road 53, the Best Western Madison Plus Inn captures a strong share of the roadside economy market derived from traffic such as travel to Florida State University. The property also has numerous demand generators such as the local Nestle Waters Nestle Pure Life Brand providing various sources of potential room revenue. Operationally, the hotel has outcompeted its local competitive set in 2020 indicating a strong and well-run management team allowing future operators with a strong client base.

Exclusively Listed By

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