Sharon FronkRealtor® · Howard Hanna
LoadingAlbany, NY 12206 · Albany County
This is a 215-key economy hotel of about 115,304 square feet on 5.4 acres in Albany, built in 1972 and renovated in 2016. The remarks describe a nine-story, fully sprinklered building with two elevators, 300 parking spaces, a full-service restaurant and bar, more than 10,000 square feet of meeting and event space, and indoor and outdoor pools. Per the listing, it sits directly off I-90 at the Everett Road exit with high visibility and is zoned MU-CH, noted as offering repositioning or redevelopment potential. The remarks describe it as a former Ramada now independently operated. There is no HOA.
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).
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Albany is in Albany County, NY. There are currently 209 active listings here, ranging from $15,600 to $8,000,000. Priced 2568% above the Albany median of $299,900.
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Carrow Real Estate Services LLC · Listed by Amber Hensley (38708)
Contact: 518-788-7206
MLS #202613486 · Source: Global MLS, Inc.
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