[4] The 14-story building opened as a luxury hotel at the beginning of the Great Depression in the United States.

[5][6][7] In 2004, Sands invested $7 million to renovate and reconfigure the property into 126 suites.

[11] Roughly 30 people who were squatting were cleared out by the City and the building has since been secured with windows and doors on the ground floor boarded up.

[12] While originally slated to be renovated and re-opened, the fate of the Madison Hotel remains unknown.

As of November 2024, the Madison Hotel is listed for sale on various real estate sites, with an asking price of $3.5M USD.