The Albert's central position, on the corner of Heretaunga St East and Karamu Rd, provides it with walkable connections to the soon-to-be redeveloped Hastings Civic Square and the Hawke's Bay Opera House.
Civic Square is to be transformed to include a place where Hastings history will be retold and where visitors to the city can be welcomed while the opera house is in demand as a venue for national conferences, productions and events.
A central city "boutique hotel" would provide somewhere for people to stay when attending the opera house or Civic Square.
While Hastings' moteliers provide excellent options for people to stay on the fringes of the city, a backpacker operation on Heretaunga St remains the only current accommodation outlet on offer in the CBD.
In 2009 the Hastings District Council put in a bid to buy The Albert but it was turned down by the owner, Durney Land Company.
The following year the council confirmed major international and national hotel chains, the Millennium Group and Scenic Circle, had indicated they were interested in setting up shop in Hastings.
Hastings would more than likely welcome any number of options to redevelop The Albert but there are a few the city could do without.
Those include a new liquor outlet or pub, as there are plenty already operating in the city and its suburbs, or another finance company or bank in the middle of town taking up space which could be used for retailers.