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Archive for the ‘Amherst’ Category

Amherst Holiday Inn changing hands

Friday, April 1st, 2011
Holiday Inn Buffalo Amherst

A Holiday Inn along Niagara Falls (Holiday Inn Buffalo Amherst) is now officially in the hands of a mortgage servicing agency and the company will likely put the hotel up for sale.

According to documents filed in the Erie County Clerk’s office, 1881 Niagara Falls Boulevard Holdings LLC, an affiliate of the Maryland-based CW Capital Asset Management, has acquired the 199-room Holiday Inn from WPH Amherst Associates, an affiliate of Cheektowaga’s Hart Hotels Inc.

On paper, 1881 Niagara Falls Boulevard Holdings LLC paid $10.51 million for the hotel, but in reality, Hart Hotels voluntarily offered the deed to the service in lieu of any foreclosure proceedings connected with the property. The deal gives CW Capital clean title to the property and clears the path for a likely sale, although no sale date has been set.

The deed filing officials shifts the hotel’s ownership away from Hart Hotels to the CW Capital … Read the rest

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