Microtel Albany Airport


Price:
$4,500,000

Address :
7 Rensselaer Ave
Latham, NY 12110


  •  Conveniently located near Albany International Airport and Downtown Albany
  •  Upside potential in both Occupancy and ADR
  •  Ideal size and operating model for owner/operator
  •  Consistent revenue and NOI performance
    View Map    View Aerial
  •  Latham, a northern suburb of Albany, is part of the The Capital Region, which is home to 1.1 million people.
  •  Located at the intersection of Interstate 87 (the Adirondack Northway) and Troy-Schenectady Road
  •  Only minutes from Latham Farms, a major shopping complex
  •  Close to Regional Demand Generators:
    •  2.1 Miles to Pruyn House
    •  3.2 Miles to Albany International Airport
    •  3.39 Miles to Siena College
    •  5.2 Miles to Colonie Center
    •  6.5 Miles to Crossgates Mall
    •  8.3 Miles to State University of New York at Albany Uptown Campus
    •  10 Miles to Empire State Plaza, with the State Capitol and Albany Capital Center
    •  25 Miles to Saratoga Race Course
    •  51 Miles to Lake George
  •  2 Stories
  •  Interior Corridors
  •  Vinyl Siding Facade
  •  Pitched, Asphalt Shingle Roof
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room (Seats 24)
  •  Guest Laundry
  •  Business Center
  •  Wireless Internet
  •  Fitness Center
  •  ±2.46 Acres
  •  Built 1995
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2015
2016
2017
T-12Mos 10/18
Occupancy
59.46%
56.14%
56.90%
54.19%
Average Daily Rate
$68.15
$68.84
$68.04
$68.59
Room Revenue
$1,420,009
$1,357,897
$1,356,630
$1,302,518
Net Operating Income
$496,254
$456,935
$432,685
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!