BATAVIA – Construction of a new $5.5 million hotel at Batavia Downs Gaming is expected to begin next week following the closing of the property sale to ADK Hospitality, a partnership of Buffalo investors.
“Closing costs have been distributed, and the funds have been transferred to our account,” said Michael D. Kane, president of Western Regional Off-Track Betting Corp.
ADK Hospitality purchased a 35,000-square-foot parcel of land from Batavia Downs for $605,000, and plans to build an 84-room hotel that will be connected to the gaming facility.
Kane commented on the hotel’s progress following a WROTB board meeting Thursday.
“Some level of construction will take place on Monday or Tuesday of next week, and we will be having a groundbreaking within the next couple weeks,” Kane said.
ADK confirmed its plans to move forward with the project after receiving more than $600,000 in tax incentives in June from the Genesee County Economic Development Center.
Kane, WROTB president for the last five years, disclosed that he will be postponing his retirement date for several months.
“I won’t be leaving any sooner than late April,” he said.
“I would like to follow through on a couple things that we are working on – the hotel is one of them.”
In June, Kane announced that he would step down as president to be closer to his children, who live in Albany, New York City and Baltimore.
“I’m ready (to retire), but I’m not ready,” he said Thursday. “This is an exciting time for the corporation, and I need to see some things through.”
Kane reported that monthly earnings for August were $260,703 – “2½ times what we had expected,” he said.
He attributed that to the streamlining of branch operations “due to the nature of the diminished horse racing business” and “the staff providing the right type of entertainment and venue for our customers.”
The board also approved a three-year vending services contract with Crickler Vending Co., headquartered in Rochester, for 18 of the corporation’s OTB branches, Kane said.