La Quinta Inn & Suites by Wyndham Madison | 5217 E Terrace Dr
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La Quinta Inn & Suites by Wyndham Madison 5217 E Terrace Dr
120 Room Hotel Madison, WI 53718 For Sale
Investment Highlights
- 120-rooms, 4 stories, Concrete Construction (Originally Constructed as a Woodfield Suites, La Quinta Benefits from Oversized Guestrooms & Corridors)
- Growing Room Revenue Almost $2.4M, Robust In Place Cashflow, NOI Almost $900K, 58.0% Occupancy at $95.10 ADR (92.2% RevPAR Index)
- Excellent Location at the I-90/151 Interchange in Wisconsin State Capital of Madison
- Built in 1997, Just Renovated in 2023 (Minimal Change of Ownership PIP), Excellent 2023 Performance!
- RevPAR up 10.2% May T12 2024 vs May T12 2023
- Proximate to the University of Wisconsin-Madison, Dane County Regional Airport & East Town Mall
Executive Summary
CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 120-room La Quinta Inn & Suites in Madison, WI, the capital of the state. The hotel is conveniently situated at the interchange of I-90 and 151 in the American Center Business Park. The location is proximate to the University of Wisconsin-Madison (home of the Badgers), Dane County Regional Airport and the East Town Mall along with various leisure attractions, making the property ideal for business and leisure travelers alike. The city of Madison is home to a robust economy due to the area’s broad spectrum of industry clusters (university, medical, corporate and leisure).
Property Facts
| Sale Type | Investment | No. Rooms | 120 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2023 |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 3.00 AC | Corridor | Interior |
| Building Size | 80,623 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 80,623 SF |
| No. Rooms | 120 |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2023 |
| Parking Ratio | 1.62/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 118 | $157.00 | - |
| Guest Room | 2 | $114.00 | - |
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PROPERTY TAXES
| Parcel Number | 0810-221-0405-4 | Improvements Assessment | $5,495,000 |
| Land Assessment | $505,000 | Total Assessment | $6,000,000 |
PROPERTY TAXES
Parcel Number
0810-221-0405-4
Land Assessment
$505,000
Improvements Assessment
$5,495,000
Total Assessment
$6,000,000
zoning
| Zoning Code | SEC |
| SEC |
-
Scott Miller -
Maxx Rohde -
CBRE, Inc.
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La Quinta Inn & Suites by Wyndham Madison | 5217 E Terrace Dr
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