Ownership of the 70-year-old Ted's Hot Dogs restaurant in the Town of Tonawanda is shifting from uncle to niece.
Peter T. Liaros, whose own father, Theodore S. Liaros, founded Ted's Hot Dogs in 1927, sold his half interest in the restaurant at 2312 Sheridan Drive to his niece, Thecly L. Ortolani, according to a deed filed in the Erie County Clerk's Office. The price was $600,000.
Peter Liaros and Ortolani are co-owners of Ted's, along with other family members. The Sheridan Drive restaurant opened in 1948 and is the oldest of 10 operating locations of the chain known for its char-broiled Sahlen's hot dogs, onion rings and loganberry.
It wasn't immediately clear why Liaros transferred his half-interest in the restaurant to his niece. Ortolani did not immediately return a phone message Friday seeking comment.
NOTE: An earlier version of this item incorrectly described the family relationship between Liaros and Ortolani.