The Buffalo Niagara Marriott has been sold, and the new owner plans extensive renovations.
The Procaccianti Group, a real estate developer and hotelier based in Rhode Island, acquired the 356-room Amherst hotel last week from a joint venture of Westmont Hospitality Group and Cadim Group for $31 million.
The Millersport Highway property represents the company's 10th full-service Marriott, and its only hotel in New York state. Nationally, the company's portfolio has surpassed 15,000 guest rooms.
The Procaccianti Group plans to upgrade the guest rooms, bathrooms and corridors, including adding flat-panel TVs in the guest rooms, said Ralph Izzi Jr., a spokesman for the new owner.
The company also will make improvements to the exterior and parking lot, along with landscaping, he said. Izzi said the renovations are expected to begin shortly and will take from 12 to 18 months to complete. He declined to estimate the cost of the improvements.
After those upgrades are complete, the company will renovate the hotel's ballrooms and the areas outside of the ballrooms, Izzi said.
Izzi noted that Procaccianti Group is also one of the nation's largest hospitality renovation companies. "Everything we do is well thought out, so there is minimal disruption to guest interactions," he said.
The improvements will ensure the hotel keeps pace with the evolving standards associated with the Marriott brand, he said.
The Buffalo Niagara Marriott was built in 1981 and underwent improvements in 2004 and 2005 to its wall coverings and carpeting.
The hotel's features include a 180-seat Houlihan's restaurant, 10 meeting rooms and a grand ballroom.
This is the second time in less than one year that the hotel has changed hands.
Last year, the joint venture of Westmont and Cadim, both of which are based in Canada, bought Boykin Lodging, whose holdings included the Buffalo Niagara Marriott, for a total of $416 million.
That deal was completed in September 2006.
The Procaccianti Group said its latest purchase comes with a "built-in demand" due to its proximity to educational institutions, including the University at Buffalo's North Campus, the Buffalo Niagara International Airport, and Niagara Falls.