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517 Grand Canyon Dr
Madison, WI 53719
Radisson Hotel Madison · Hospitality Property For Sale
·
124,294 SF
Property Facts
| Property Type | Hospitality | Building Size | 124,294 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1985/2014 |
| Lot Size | 4.53 AC | Parking Ratio | 1.61/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Zoning | CC - Commercial (G2) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.53 AC |
| Construction Status | Converted |
| Building Size | 124,294 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2014 |
| Parking Ratio | 1.61/1,000 SF |
| Corridor | Interior |
| Zoning | CC - Commercial (G2) |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 517 GRAND CANYON DR , MADISON, WI 53719
Marcus & Millichap is proud to have been chosen as exclusive advisor and broker in regards to the marketing effort of the Radisson Madison Hotel. The hotel is a 2-story structure was renovated in 2013 and features 153 guestrooms, Twist Bar & Grille, and over 6,500 sq ft of flexible meeting space. The hotel benefits from being in an approved Opportunity Zone (Census Tract 4.08). The structure was built in 1982, fully renovated in 2013, and the new owner PIP expectations are minimal if any. The property has seen some significant updates such as a full remodel and re-branding of the hotel’s restaurant, the Twist Bar and Grill. Over $1 million dollars went into updating the restaurant of the operation safeguarding new ownership from any restaurant related reinvestment. This investment is the perfect scenario for an experienced hotelier to add value by improving operating efficiencies and to keep pushing upscale ADR on 153 rooms Madison Market. Madison is one of the Midwest’s strongest markets and the market metrics continue to support long-term growth and stability. The hotel is visible on the north-side of highway 12 and is located off exit 255 on Grand Canyon Road. Within a mile of two malls and just off Highway 12/14, Radisson Hotel Madison gives guests easy access to the best things to do in Madison, WI.
