Introducing an exceptional multifamily or Holiday Inn conversion opportunity in Albany, GA known as Araamda Inn. The property is located in southwest Georgia, about 151 miles south of Atlanta. The sale includes one four-story operational hotel with an outdoor pool and a vacant restaurant building. The property sits on approximately 5.28 acres of land. This versatile 84,031 SF property with 153 rooms is ideal for multifamily studio apartment rentals or student housing due to its proximity of Albany State University. The rent in Albany has been increasing steadily for the last few years. Renters occupy a total of 1,209 units, while homeowners live in 535 properties within 1 mile radius of the subject property. Besides apartment rental or student housing, Araamda Inn qualifies for an exciting Holiday Inn conversion opportunity. It has a prime location near Albany State University and key tourist attractions. As it's situated in the opportunity zone, developers will have access to a range of government incentives and tax programs. With a full package of permits, plans, survey, trend report, approved multifamily zoning and a Phase 1 report included, this offering is a rare find for savvy hospitality and multifamily investors.