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WELCOME
Michael Metzger
Development Director 1228 EAST WASHINGTON AVE MADISON • WI • 53703 P: 608.616.0705
michael.metzger@mcgrathpropertygroup.com
WELCOME Michael Metzger Development Director 1228 EAST WASHINGTON AVE - - PowerPoint PPT Presentation
WELCOME Michael Metzger Development Director 1228 EAST WASHINGTON AVE - - PowerPoint PPT Presentation
WELCOME Michael Metzger Development Director 1228 EAST WASHINGTON AVE MADISON WI 53703 P: 608.616.0705 michael.metzger@mcgrathpropertygroup.com 500 E WASHINGTON AVE HOTEL DEVELOPMENT 405 W Main 137 Proudfit 1344 -1346 Morrison 409 E
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137 Proudfit 405 W Main 1344 -1346 Morrison 409 E Washington
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DATA
Demand for hotels in downtown Madison is strong. > 70% annual occupancy Madison needs more hotels Hotel Professionals
TRENDS
Global, National, Regional, Local
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TRENDS
Unique & Local Experiences Great Overall Design Technology Based Communication & Management Evolution of Guest Expectations
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CURRENT HOTEL OFFERINGS
Large national brands
Standardized - Predictable - Sterile
Boutique brands
Like national brands - Higher Design In-house amenities plentiful - Pool, Restaurants, Conference Rooms, Bar, Room Service, Spa, Fitness Center, Business Center, Continental Breakfast
Madison Concourse Edgewater Hyatt Place Hampton Inn Best Western - Park Hotel Double Tree Hotel RED Graduate Madison AC
Small room sizes ~325 sqft Limited In-room amenities
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Our Concept
In Room Amenities Purposeful Design Experience Madison Spacious Technology Focused
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Who is coming to Madison?
Families Tourists Business Travelers Conferences University of Wisconsin Epic Festivals
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In-Room Amenities
Full Kitchen - Comfortable Furniture In-Unit Washer/Dryer - Dishwasher Area Rugs - Artwork - Calming Decor Coffee - Good Food - Fast Internet
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Purposeful Design
“Design is a plan for arranging elements in such a way as best to accomplish a particular purpose.”
Calming - Welcoming - Comfortable Modern - Approachable - Minimal
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Experience Madison
Help guests experience the neighborhood and community
- Custom recommendations
- Anticipate guest needs
Build partnerships
- Local community groups
- Businesses
- Event organizers
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Average Downtown Hotel ~325 sqft 502 E Wash Hotel ~500 sqft
Spacious Rooms
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Technology Focused
Guest communication Management coordination Smart building technology
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Why 500 E Washington?
Walkable location that allows easy access to some of Madison’s most iconic and vibrant areas.
10 Minute Walk King St Williamson St State Street Johnson St Capitol Square
- E. Wash Gateway
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SITE LOCATION
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ZONING
Urban Mixed Use (UMX)
Hotel is a permitted use in UMX (Conditional Use Req - Size) Rear yard setback - 10 feet Side yard setback - No setback req Front Yard - No setback req Eight Story Maximum Urban Design District #4
Approval Process
Urban Design Commission Plan Commission
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ENVIRONMENTAL
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WISCONSIN .. MICHIGAN A. ILLI NOIS ... IOWA Ji,. Northern Environmental Hydrologisfs • Engineers • Surreror» • Scientists 1203 Storbeck Drive, Woupun, Wisconsin 53963 Phone: 800-498-3921 Fox: 920-324-3023 DISTRIBUTION OF PC,E IN GROUNDV'lATER (8-24-05) KLINKE CLEANERS 414 EAST Y-tA5HINGTON AVE. MADISON, Y'l15c.ON5IN Th is drawin g andaftinformation contained Iho {oonis the prope rty or Northern Environmental. N CNtne m Envi ron ment af will not be holdliable for impro per Of incorrect usag- e. Prof
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Schedule
UDC Informational Sept 6th UDC Presentation Nov 8th Planning Commission Nov 20th
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Lower Level - Parking
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1st Floor
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2nd - 5th Floor
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Building Section
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Building Section
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McGrath Property Group
Development History
- History of successful development
- We own and manage all of our properties as long term investments
- We develop high quality projects
- We have a vested interest in the success of Madison and the community
Management
- We have expertise in maintaining similar properties in the surrounding area
- Existing infrastructure to support hotel operations (laundry, house-keeping, stock
storage, etc.)
- Hotel management will create efficiencies in our current management structure
- Staff will be available at all times to handle any guest/building related issues
- Communication is key. Quick professional response and follow through is fundamental.
Concept
- We have a deep understanding of the community and feel that our vision will provide
an experience that captures the vibrant spirt of Downtown Madison the surrounding areas.
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QUESTIONS?
Michael Metzger
Development Director 1228 EAST WASHINGTON AVE MADISON • WI • 53703 P: 608.616.0705
michael.metzger@mcgrathpropertygroup.com