Albany Plaza is a fully operational, independently run full-service hotel comprising 215 guest rooms situated on a 5.40-acre site at 3 Watervliet Avenue Extension, Albany, NY. The property contains approximately 115,304 square feet, consisting of a 9-story main tower and a 2-story rear building, supported by a surface parking lot with over 300 parking spaces.
The hotel is currently operated independently (non-franchised), providing immediate operational continuity while also allowing flexibility for rebranding, soft-brand affiliation, or continued independent ownership, subject to buyer preference.
Strategically positioned with convenient access to Interstate 90, the property is minutes from Downtown Albany, the New York State Capitol, University at Albany (SUNY), major medical centers, and regional employment centers, offering strong accessibility and visibility.
Existing improvements include meeting and event space, restaurant and bar areas, indoor and outdoor pools, fitness center, business center, elevators, and additional ancillary facilities. Zoned C-2 Highway Business, the site offers potential for continued hospitality use or alternative commercial or institutional uses, subject to zoning and required approvals.
The property is non-union and offered as-is. Tours by appointment only. Do not disturb on-site operations or staff. Additional information available upon request to qualified parties.