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Nick Patel Of Brightpath Management Acquires Hotel From Alexander DelMonte Of DelMonte Hotel Group For $9.75M

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SOLD
$9,750,000

New York

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Hotel
Sold 09/29/2025
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SOLD

Nick Patel Of Brightpath Management Acquires Hotel From Alexander DelMonte Of DelMonte Hotel Group For $9.75M

168 Wolf Road

See Similar Deals
Hotel
Sold 09/29/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Sale

The property involved in this transaction is a 78-room Fairfield Inn & Suites located at 168 Wolf Road in Albany. The sale was finalized at a transaction amount of $9,750,000, resulting in a price per key of $125,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $9,750,000
  • Buyer: Nick Patel - Brightpath Management
  • Seller: Alexander DelMonte - DelMonte Hotel Group
  • Broker: Mayank Patel - Hunter Hotel Advisors
  • Keys: 78
  • PPK: $125,000

Nick Patel, representing Brightpath Management, aims to expand their hospitality portfolio, which currently includes 16 hotels. Alexander DelMonte, representing DelMonte Hotel Group, completed this sale to focus on other ventures. The deal was brokered by Mayank Patel from Hunter Hotel Advisors, a firm known for facilitating hotel transactions.

Players

Mayank Patel
Hunter Hotel Advisors
Mayank Patel
3 deals$39.5M volume
BROKER
Hunter Hotel Advisors
Hunter Hotel Advisors
BROKERAGE

Details

SOLD
IMAGE: Alexander DelMonte & Mayank Patel DATE: 09/29/2025 ADDRESS: 168 Wolf Road MARKET: Albany ASSET TYPE: Hotel BUYER: Nick Patel - Brightpath Management SELLER: Alexander DelMonte - DelMonte Hotel Group BROKER: Mayank Patel - Hunter Hotel Advisors (@HunterHotelAdvisors) SALE PRICE: $9,750,000 KEYS: 78 ~ PPK: $125,000 NOTE: DelMonte Hotel Group sold its 78-room Fairfield Inn & Suites in Colonie to Brightpath Management for $9.75M, brokered by Hunter Hotel Advisors. The Rochester-based company, which owns 16 hotels, is working with Cobblestone Capital Advisors on a 189-room dual-brand Marriott/Westin project.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69