AUCTION SITE: https://rimarketplace.com/auction/2294/doubletree-schenectady-downtown?utm_source=costar Berkadia Hotels and Hospitality, in conjunction with RealINSIGHT Marketplace, has been exclusively retained in connection with the solicitation of offers to acquire the fee simple interest in the 120-room DoubleTree by Hilton Schenectady Downtown (the ‘Hotel’ or ‘Asset’). The premium-branded, compact full-service Hotel boasts an exceptional location within walking distance of Proctors Theatre, Union College, and the revitalized downtown area, which features innumerable dining, shopping, and entertainment options. The DoubleTree is also a short drive from Rivers Casino & Resort, General Electric’s 689-acre campus, and Ellis Hospital, making it an ideal location for both business and leisure travelers alike. Its central location and proximity to the area’s top demand generators attractions and employers make it one of the leading lodging options for visitors to the area. The Hotel underwent an extensive renovation and conversion to the DoubleTree by Hilton brand in 2015 that encompassed a refresh to every aspect of the Asset. Furthermore, the DoubleTree enjoys status as the only brand-affiliated full-service hotel in Schenectady. This competitive advantage allows the hotel to realize strong ADR benchmarks while its compact footprint and limited meeting space allow it to achieve operational efficiencies typically associated with select-service hotels. While a new owner will benefit from historically proven performance and exceptional in-place cashflow, there remains significant upside in ADR appreciation upon completion of a change of ownership PIP focused on upgrades to guest-facing elements of the Hotel. Offered unencumbered of management at substantial discount to replacement cost, the DoubleTree Schenectady Downtown presents an opportunity for a new owner to implement a customized business plan and strategy that capitalizes on a refreshed product offering to realize top-line performance well-beyond historical benchmarks while closely monitoring expense margins to generate optimal efficiencies. Ralph Passono, Jr. c/o Fisher Auction Company Inc. License: 1 NY Broker No.:10311203946