Judge Doyle Square Hotel Takes Another Step Towards Construction | Economic news

A rendering of the proposed nine story hotel that is part of the larger redevelopment of Judge Doyle Square on both sides of the 200 block of South Pinckney Street. Construction is expected to begin in spring 2022, with the opening of the 262-room hotel in 2024.

Kahler slater

The city center of the city is about to have a long awaited hotel.

The developer of the project announced Monday that it had purchased the Judge Doyle Square site and secured funding for a 262-room Embassy Suites by Hilton.

The hotel, which is part of a $ 175 million redevelopment of the property northeast of the Madison Municipal Building, has gone through several iterations and in October, Beitler Real Estate Services agreed to cede the rights. to Mortenson Development to build the nine-story hotel for the two-block public-private redevelopment.

Madison Capitol East Parking Ramp Time Lapse

The transfer of rights included the city selling ownership of the hotel to Mortenson for $ 4 million in lieu of issuing a lease. Mortenson said he plans to lead the way in the spring, with the hotel opening in 2024. The cost of the project was not disclosed by Mortenson.

“This milestone represents the long-awaited culmination of a successful public-private collaboration between the City of Madison, Destination Madison, Monona Terrace, many community stakeholders and the Mortenson team,” said Nate Gundrum, vice president of Mortenson’s real estate development, in a statement. “We look forward to realizing the city’s vision of transforming this element of Judge Doyle Square into a modern hotel destination. “

Mortenson had also sought to rent up to 200 stalls in public garages, including the Wilson Street garage across Pinckney Street from the hotel site, for an initial term of 40 years. However, Cameron Snyder, spokesperson for Mortenson, said on Monday that the parking arrangement “will be flexible according to demand / need”. Beitler, in his negotiations with the city, had sought 40 stalls under a 10-year deal.

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