Crowne Plaza Albany - The Desmond Hotel

The Crowne Plaza in Albany, New York, presents an outstanding investment opportunity in a market driven by government, corporate, education, medical, and tourism-related demand. This asset, ideally situated in New York’s capital city, offers well-appointed guest rooms and suites, extensive meeting and event space, an on-site restaurant and bar, and premium guest amenities, making it a leading choice for business and leisure travelers alike. The Property benefits from the IHG reservation system as well as other IHG benefits, strong brand recognition, a global reservation system, and a robust loyalty program that consistently drives occupancy.

Albany is a government and business hub, with the New York State Capitol, state agencies, and numerous corporate headquarters nearby. Located only one mile from the Albany International Airport and only seven miles from downtown, the Property benefits significantly from weekday business travel, as state employees, government contractors, and corporate professionals frequently require accommodations. Additionally, the city's financial services, healthcare, and technology sectors contribute to a steady stream of business travelers. Nearby employers such as Global Foundries, General Electric, Regeneron Pharmaceuticals, and Ayco (a Goldman Sachs company) generate high-volume lodging demand for corporate meetings, training programs, and conferences.