Best Western Plus Madison
Recently renovated 58 room Best Western Plus strategically located on I-10 in the Florida
Marketing description
The Best Western Plus Madison is a three-story 58-room, interior corridor hotel built in 1996. The property is situated on 3.39 acres with 53 standard parking spaces and four additional handicap parking spaces. Amenities for the hotel include complimentary hot breakfast, outdoor pool with barbeque area, business center, fitness center, sundry shop and guest laundry services. Each room has either king or queen beds, a 49-inch flat screen HD television, a refrigerator, microwave, and an in room safe.
The property is strategically located off Exit 258, conveniently positioned between Tallahassee, Lake City, Live Oak, and Valdosta, GA. It serves as an ideal stopping point for travelers along the I-75 corridor in the Florida Panhandle. Even with an annualized ADR of $130 this location still offers guests more competitive room rates compared to nearby markets, while still providing easy access to surrounding cities and amenities.
Madison, Florida is a highway driven lodging market along the I-10 corridor, capturing steady transient demand from travelers between Tallahassee and Jacksonville. The market also benefits from overflow demand tied to Florida State University and Florida A&M University, regional leisure attractions like Wild Adventures Theme Park, and event-driven demand from Spirit of the Suwannee Music Park, with limited local commercial activity supporting base demand.
Investment highlights
· Guidance Hotel Group is pleased to present the Best Western Plus Madison for sale at $7,500,000.
· 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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
