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Albany Plaza: 215 Room Hotel on +/-5.40 Acres 3 Watervliet Avenue Ext 215 Room Hotel Albany, NY 12206 $10,984,720 CAD ($51,092 CAD/Room)
Investment Highlights
- Former Ramada, now independently operated, non-union
- PRICED TO SELL at only $69.38 PSF / $37,209 per key
- 90,124 AADT: Exceptional Visibility
Executive Summary
Albany Plaza: +/-115,305 SF, 215-key economy hotel on +/-5.40 acres directly off I-90 (Everett Rd Exit 5) with 90,124 AADT and exceptional visibility. 9-story, fully sprinklered asset with 2 elevators and 300 parking spaces. Built 1972, renovated 2016. Features full-service restaurant & bar, 10,000+ SF meeting/event space, indoor & outdoor pools. Zoned MU-CH (Community Highway) offering significant repositioning or redevelopment potential. Former Ramada, now independently operated, non-union. Rare value-add hospitality opportunity offered at $8,000,000 ($69.38 PSF / $37,209 per key).
Property Facts
| Price | $10,984,720 CAD | Building Size | 115,304 SF |
| Price Per Room | $51,092 CAD | No. Rooms | 215 |
| Sale Type | Investment | No. Stories | 9 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2016 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.6/1,000 SF |
| Lot Size | 5.40 AC | Corridor | Interior |
| Zoning | MU-CH - MU-CH (Community Highway) | ||
| Price | $10,984,720 CAD |
| Price Per Room | $51,092 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.40 AC |
| Building Size | 115,304 SF |
| No. Rooms | 215 |
| No. Stories | 9 |
| Year Built/Renovated | 1972/2016 |
| Tenancy | Single |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Interior |
| Zoning | MU-CH - MU-CH (Community Highway) |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Indoor Pool
- Outdoor Pool
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 215 | $109.85 CAD | - |
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Property Taxes
| Parcel Number | 010100-053-076-0001-003-000-0000 | Improvements Assessment | $6,956,717 CAD |
| Land Assessment | $2,923,931 CAD | Total Assessment | $9,880,648 CAD |
Property Taxes
Parcel Number
010100-053-076-0001-003-000-0000
Land Assessment
$2,923,931 CAD
Improvements Assessment
$6,956,717 CAD
Total Assessment
$9,880,648 CAD
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Albany Plaza: 215 Room Hotel on +/-5.40 Acres | 3 Watervliet Avenue Ext
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