Madison Approves Aloft Hotel Incentive Agreement

The City of Madison approved a development agreement with Madison Hotels VI, LLC for construction and operation of an Aloft hotel and adjacent mini golf facility. The agreement includes performance-based lodging tax incentive payments not to exceed $2 million over five years, contingent on the facilities opening and generating tax revenue.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $2,000,000 over a five-year term

Contract type

OTHER

Contract term

Five-year term; incentive contingent on hotel and recreation facility opening for business

Renewal

Development incentive payments are performance-based and contingent on the hotel and recreation facility opening and generating lodging tax; payments are capped at $2 million over a five-year term. No explicit renewal or extension options are described.

Document type

Minutes

Source document

City of Madison Minutes Special Called Meeting 2026-07-29

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Madison?

Madison Hotels Vi Llc was awarded this government contract by City of Madison, as recorded on July 29, 2026. The contract value is Not to exceed $2,000,000 over a five-year term.

How much is the Madison Hotels Vi Llc contract with City of Madison worth?

The Madison Hotels Vi Llc contract with City of Madison is valued at Not to exceed $2,000,000 over a five-year term.

What type of contract is this?

This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Madison Minutes Special Called Meeting 2026-07-29 (Minutes), dated July 29, 2026 from City of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Madison Hotels Vi Llc hold?

Madison Hotels Vi Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Madison Hotels Vi Llc's profile

What is City of Madison currently buying?

Explore City of Madison's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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