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 93-room Hampton Inn Schenectady Downtown (the ‘Hotel’ or ‘Asset’). The premium-branded, select-service Hotel is ideally located within the revitalized downtown area of Schenectady which features innumerable dining, shopping, and entertainment options. Furthermore, the Hampton Inn is adjacent to Proctors Theatre, within walking distance of Union College, and just 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. While the Hampton Inn has realized significantly improved performance as the market continues to return to stabilization, there remains a substantial value-add opportunity for a new owner. Upon completion of a change of ownership PIP primarily focused on guestrooms, public space, and other guest-facing elements, the Hampton Inn will be well-positioned to build upon its existing track record of strong performance and capture additional market share. Offered unencumbered of management at a substantial discount to replacement cost, the Hampton Inn Schenectady Downtown represents a rare opportunity to acquire a premium-branded, select-service asset with considerable value-add characteristics. Offered unencumbered of management at substantial discount to replacement cost, the Hampton Inn Schenectady Downtown represents a rare opportunity to acquire a premium-branded, select-service asset with considerable value-add characteristics. https://rimarketplace.com/auction/2295/hampton-inn-schenectady-downtown