Investment Overview

Marcus & Millichap is proud to present the Red Roof Inn Albany Airport in Albany, New Albany. This three-story, exterior corridor hotel features 110 rooms and is located off Interstate 87, offering convenient access to local demand drivers. The hotel is being offered at $5,595,000. The Red Roof presents an excellent investment opportunity for a hands-on owner, with a $587,548 net operating income and an attractive return at a 11 percent Cap rate. Strategically situated between Syracuse and New York City, the property benefits from its position along a key travel corridor. The property sits directly on Wolf Road which sees an average daily traffic count of 31,954 vehicles. Directly behind the property is Interstate 87 which is visible to the daily average traffic count of 121,530 vehicles.