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 Amendment
Estimated Employment Impact: The project is anticipated to retain approximately 150 permanent jobs and create approximately 30 construction jobs.
Project Documents
Project Documents
- Approving Resolution - AFP107 Corp
- SEQR Resolution - AFP107 Corp
- Final Application - AFP107 Corp
- Uniform Agency Project Agreement - AFP107 Corp
- AFP107 Corp - Final Project Summary
- PILOT Agreement - Albany Hotel, Inc.
Meeting Materials
- IDA Finance Committee Meeting Materials 5.14.2025
- IDA Board Meeting Materials 5.29.2025
- IDA Board Meeting Materials 6.26.2025
- IDA Finance Committee Meeting Materials 6.11.2025
Meeting Minutes
- IDA Finance Committee Meeting Minutes 5.14.25
- IDA Regular Board Meeting Minutes 5.29.25
- IDA Finance Committee Meeting Minutes 6.11.25
- IDA Regular Board Meeting Minutes 6.26.25
Public Hearings
- AFP107 Corp - Public Hearing Notice 6.16.2025
- Public Hearing Resolution - AFP107 Corp
- Public Hearing Transcript - AFP107 Corp
Meeting Recordings
Project Images - Thumbnail Option
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