An Erie, Pa.-based company that runs a host of hotels and restaurants in northwestern Pennsylvania -- including a popular indoor water park -- plans to enter the Buffalo Niagara market by building a hotel on Transit Road.
Scott Enterprises wants to open a Staybridge Suites extended-stay hotel at Transit Road and Sheridan Drive in Clarence, in the summer of 2008, said Chris N. Scott, vice president. The site is just north of the Eastern Hills Mall and was formerly home of the Sheridan Court Motel.
Additionally, the family-owned company plans to open one of two restaurants at the site: a Quaker Steak & Lube, a motor-themed chicken wing place, or a Steak & Shake restaurant. Either would be new to the Buffalo market.
In Erie, Scott Enterprises' signature property is the Splash Lagoon Indoor Water Park Resort, which Scott said draws lots of families from the Buffalo area. The company also owns numerous restaurants and hotels in Erie, and is looking for new markets.
"We have a lot of saturation in Erie, as far as hotels and restaurants," he said. The company is also considering moving into Pittsburgh, Cleveland, Indiana and possibly Raleigh, N.C.
Scott said the company has prepared architectural drawings and will work with Clarence officials to obtain approvals to begin its project. He hopes to start construction in September.
The hotel and restaurant project in Clarence could be worth as much as $15 million, depending on the size of the hotel, Scott said. The company is considering a hotel with a minimum of 84 units, but the final version could contain more than 100.
To acquire the land, Scott Enterprises acquired the corporation that owned the former Sheridan Court Motel property. It also bought an adjacent piece of land from a different owner. Combined, the deal was worth about $1.4 million, said Robert Roller of CB Richard Ellis' Buffalo office, which represented Scott Enterprises. Roller said the site offers good visibility, access and demographics.
Staybridge Suites is part of InterContinental Hotels Group. Scott Enterprises already operates hotels through another of the group's brands, Holiday Inn Express.
Staybridge competes with brands like Residence Inn by Marriott and Homewood Suites. Extended-stay hotels cater to business travelers, with kitchens and ample living space.