The local developing team that built the condominium complex Capitol West is proposing to construct a new high-rise hotel near the Capitol Square, according to a Ald. Mike Verveer, District 4.
The Alexander Company hopes to construct a 10 story, 150 room hotel, which will include a bar and restaurant, at 202 East Washington Avenue and will primarily target out of town business travelers and tourists, Verveer said.
“[The hotel] is the latest example of the record pace of downtown that we are experiencing,” Verveer said. He added it “really is unbelievable.”
The hotel would replace the 76-year-old Pahl Tire Co., a Madison landmark, which announced in February its plan to close, according to Verveer. Doug Pahl, owner and operator of the family business, said he already accepted an offer from the Alexander Company to purchase the property.
Designers will release official plans for the development at a meeting May 14.
