5217 E Terrace Dr | Madison, WI 53718
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5217 E Terrace Dr
Madison, WI 53718
La Quinta Inn & Suites by Wyndham Madison · Hospitality Property For Sale
·
80,623 SF
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
PROPERTY FACTS
| 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 | ||
| Zoning | SEC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 80,623 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2023 |
| Parking Ratio | 1.62/1,000 SF |
| Corridor | Interior |
| Zoning | SEC |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
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
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