Rudra Management and Rosewood Hotels has paid $6.5 million to add a Courtyard by Marriott in Amherst to its growing portfolio of hotels, according to a document filed with the Erie County Clerk's Office.
The Cheektowaga-based group bought the 108-room hotel at 4100 Sheridan Drive, near the Youngmann Memorial Highway interchange, from DelMonte Hotel Group of Rochester.
Jay Patel, the president and CEO, said Rudra made a strategic decision to acquire its first hotel in Amherst and its first in the upper-midscale Courtyard by Marriott brand.
Courtyard by Marriott has 20 years remaining on its lease, Patel said. He said the hotel is in good shape and Rudra doesn't plan any major investment into the property for at least two years.
Rudra and its related businesses operate 36 hotels in New York and other states and have three under development, the company's website states, including a 68-room La Quinta Inn set to open on Inn Keepers Lane in Amherst in January.
The Amherst hotel was one of three Courtyard by Marriott properties Rudra bought at the same time across the state from DelMonte, Patel said. The other two hotels are in Vestal, in the Southern Tier, and Newburgh, partway between Albany and New York City.