This Hospitality Property is no longer advertised on LoopNet.com.

300 Broadway
Albany, NY 12207

Holiday Inn Express Albany Downtown · Hospitality Property For Sale · 79,812 SF

Investment Highlights

  • Fee simple interest in the lender-owned 135-room Holiday Inn Express Albany Downtown offered for purchase through an REO sale.
  • The hotel is strategically located in the CBD of downtown Albany and is the only IHG flag downtown, less than a mile from the State Capitol building.
  • Lender took possession of the hotel in July 2022.
  • Property is offered unencumbered of management and debt at a significant discount to replacement cost.
  • Downtown is home to multiple higher education institutions, including SUNY Polytechnic Institute, Russell Sage College, and The University at Albany.
  • The Holiday Inn Express, Albany is encumbered by a labor union.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.83 AC
Building Size 79,812 SF
No. Stories 5
Year Built/Renovated 1962/2018
Tenancy Single
Parking Ratio 0.73/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • On-Site Retail
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

zoning

Zoning Code C3
  • Listing ID: 26205894

  • Date on Market: 7/19/2022

  • Last Updated:

  • Address: 300 Broadway, Albany, NY 12207