Hotel Madison 503 Main St

This is the historic Martin Hotel in the beautiful town of Madison, WV. This 100-year-old interior corridor hotel is an amazing opportunity for an investor looking to renovate and bring back to life this historic property. The Martin Hotel first opened its doors in 1921. Soon after on August 24, 1921, the famous Miners March on Logan moved through Madison on the way to The Battle of Blair Mountain. This was the largest armed labor uprising in American history. 20,000 miners marched 90 miles from Charleston and engaged in a two-week battle with more than 5,000 deputy sheriffs, mine guards, and state police. The Martin Hotel was used as a rallying point for union leaders.

Interestingly, the Martin Hotel was owned by two women consecutively. The original woman owner had the property for 50+ years until the early 1970’s. She changed the name of the hotel to the Madison Hotel circa 1936. Then another woman owned the hotel for the next 50+ years until she sold the property to the current owner in 2023. Both women were well respected in the community.

This is the ONLY hotel in Madison, WV. It would be a great opportunity for AirBnb, VRBO, or Short-Term Vacation Rental. The Hatfield & McCoy trails (one of the largest 4x4 trail systems in the US) are a HUGE demand driver in this part of WV. The Martin Hotel is also 5 minutes from Boone Memorial Hospital, with extended stay from traveling doctors and nurses.

The property is 3 story brick structure with a full basement. The 1st floor is split and consists of a hotel lobby, grand staircase, and a bedroom with a full bath. On the other side of the 1st floor is a large apartment with a living room, single bedroom with a full bath, a half bath in a hallway, dining room, kitchen, and large sunroom. The apartment is move in ready.

The 2nd and 3rd floors are identical and consist of a total of 14 rooms. Both floors have an assortment of shared/hallway/room bathrooms. A total of 2 shared, 2 hallway, and 4 room bathrooms on the combined 2nd and 3rd floors. The basement is a large area that at one point was a restaurant for the hotel and has a single bathroom.

The current owner had intentions of keeping the apartment but opening a coffee shop on the 1st floor and a sports bar/restaurant in the basement. On the 2nd and 3rd floors, they planned to renovate down to 10 rooms, each with its own bathroom. The owner is a hotelier that lives out of state and purchased the property as an investment.

The property has gone through a significant demo and cleanup to bring it back to as close to original finishes as possible. All carpet, carpet underlayment, and LVT tile has been removed and all the original hard wood floors have been exposed. All the old furniture, fixtures and equipment has also been removed from the hotel. It’s a clean slate.

This is not currently an operating hotel and has no current or historic P&L’s that the owner can provide. This is a full renovation project. The owner does have a valid certificate of occupancy and the 1st floor apartment is move in ready. The hotel is being sold AS IS.