Best Western Plus Madison

Investment Overview

Grizzard Commercial Real Estate is pleased to present the 58-unit Best Western Plus Madison located at 167 SE Brandt Street, Madison, Florida 32340. The property is being offered for sale at the fee simple sale price of $6,200,000. The property will be delivered unencumbered by management and debt.

Investment Highlights

• Guidance Hotel Group is pleased to present the Best Western Plus Madison for sale at $6,200,000.
• The Best Western Plus Madison is a three-story, 58-room interior corridor hotel situated on a 3.39-acre site with ample parking and strong interstate visibility.
• 60% OCC / $130 ADR / $1.65M Revenue
• Strategically positioned off I-10 Exit 258, the hotel serves as a convenient lodging destination between Tallahassee, Lake City, Live Oak, and Valdosta, Georgia.
• The property benefits from consistent transient demand generated by travelers along the heavily trafficked I-10 corridor in North Florida.
• Recent capital improvements include new soft goods, bedding, and flooring in 2022, along with a new roof, porte-cochère, exterior paint, pool resurfacing, and barbecue area completed between 2024 and 2025.