Project Description

The Courtyard by Marriott Madison East is a four-story building housing 127 guestrooms. The property’s location and visibility off interstate 90 combined with its upscale guest amenities make it an ideal select service option in the sub-market. The property amenities include a bistro which offers breakfast options and late night cocktail and dinner items. Other amenities include an indoor swimming pool, business center, guest laundry facilities, fitness center, and a 1080 SF meeting space. The property has diverse demand generators including the State capital of Wisconsin and The University of Wisconsin’s main campus.

LOCATION: Madison, WI

YEAR BUILT: 2003

NUMBER OF ROOMS: 127

AQUISTION DATE: July 2019

PROJECTED IRR: 15%

PROJECTED EQUITY MULTIPLE: 1.80

BUSINESS PLAN: Renovation/Management Realignment