Albany IDA Project Index
AFP107 Corp (Hilton Albany)
Project Number: 0101 25 01
Project Address: 16 & 40 Lodge Street
Applicant Name: AFP107 Corp
Owner(s): United Capital Corp
Developer: United Capital Corp
Project Description:
The project involves the renovation of an existing 222,549 sf hotel, including improvements to the 385 guest rooms, common areas, and attached parking garage.
Approval Date: 6/26/2025
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT
Estimated Employment Impact: The project is anticipated to retain approximately 150 permanent jobs and create approximately 30 construction jobs.