Hospitality Business for Sale in Albany, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Albany, NY 12211

Description

TBD 1 of 3 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out Crowne Plaza Albany - the Desmond Hotel by IHG View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © Timothy Shaw © Timothy Shaw Terms Report a problem Gallery (3) View Map Street View × The Desmond - Crowne Plaza Albany Close Investment Highlights A $17mm renovation was completed upgrading the entire hotel, and the independent hotel was then affiliated with Crowne Plaza in 2021. Minimal PIP, if any, required. Ranked #1 in 2025 among U.S. Crowne Plaza hotels for several critical measures including Overall Service, Overall Food & Beverage, Helpfulness of Staff at Check-In & Responsiveness of Staff. Located at the Albany Airport generating a NOI exceeding $3+ Million and trending upward. Investment Highlights: • A $17mm renovation was completed upgrading the entire hotel, and the independent hotel was then affiliated with Crowne Plaza in 2021. Minimal PIP, if any, required. • Ranked #1 in 2025 among U.S. Crowne Plaza hotels for several critical measures including Overall Service, Overall Food & Beverage, Helpfulness of Staff at Check-In & Responsiveness of Staff. • Located at the Albany Airport generating a NOI exceeding $3+ Million and trending upward.

Market Context

This hospitality in Albany, NY is listed for sale. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Albany, NY — <a href="/search/sale/hospitality/new-york/albany">view the full market</a>.

Contact

  • Jerry Swon
  • Andrew Kern

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