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1 Residence Inn Dr
Latham, NY 12110
Albany Airport Inn and Suites · Hospitality Property For Sale
·
46,991 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1989 |
| Building Class | B | Tenancy | Single |
| Lot Size | 8.22 AC | Parking Ratio | 2.13/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Building Size | 46,991 SF | ||
| Zoning | 12 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 8.22 AC |
| Construction Status | Converted |
| Building Size | 46,991 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Exterior |
| Zoning | 12 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Shuttle Service
ABOUT 1 RESIDENCE INN DR , LATHAM, NY 12110
"Guestrooms are oversized and come equipped with a full kitchen and separate living and sleeping areas, with free Wi-Fi, a sleeper sofa, ergonomic desk chair, a fireplace and an HDTV with cable channels. The hotel is currently operating at ±51.5% occupancy, ±$99.85 Average Daily Rate, and a RevPAR of ±$51.45 (running 12-month performance). This Property offers new investors conversion ability to affiliate with a national recognized hotel brand and improve performance; Branding options currently include Mainstay Suites by Choice, Red Lion Inn & Suites and Guesthouse by Red Lion Hotels. Situated on an ±8.22 AC parcel, the Property is conveniently located off of NY State Route 7 and only 5 miles west of Interstate 87 providing direct access to downtown Albany as well as points north and south throughout the State of New York. The City of Albany continues to be a prime destination to invest and create business. Lodging demand is driven by a diverse corporate base lead by technology, medical, government and education businesses which help boost weekday demand. Local companies include AYCO, Siemens, MetLife and Phillips Healthcare. Nearby universities, including the University at Albany,"
PROPERTY TAXES
| Parcel Number | 012689-018-000-0002-068-000-0000 | Improvements Assessment | $3,270,000 |
| Land Assessment | $1,230,000 | Total Assessment | $4,500,000 |
PROPERTY TAXES
