Leasehold interest in the 12.7 acre property with 2 building of 312-room Hotel Red Lion interested in re-licensing the property, or tenant may pursue multiple re-branding options that are available for conversion. Within walking distance of numerous nationally recognized restaurant chains and other retail amenities within the Wolf Road commercial corridor. Readily accessible to all traffic along Interstate-87 and within the Albany Airport corridor, with upwards of 125,000 vehicles passing the location daily. Unique opportunity to invest in an economically stable state capital market with current unemployment rate of ~4.0%. Proximate to all primary area demand generators including the New York State Capital, General Electric, the Albany Nanotech Complex, Albany University, SUNY Polytechnic Institute Albany Campus, W. Averell Harriman State Office Building Campus, the Times Union Center, downtown Albany, Albany Capital Center Convention Center, and Albany International Airport. Optimal time to be investing the Albany Airport corridor with approximately $100MM worth improvements now underway to better improve capacity and accessibility to the approximately 3MM annual passengers, with passenger boardings up 20% over the past five years.