New York Governor Andrew M. Cuomo has announced that plans to build the $35 million Hyatt Place Hotel in Niagara Falls are underway. Hamister Group, LLC has secured financing and is moving forward with its plan to build the more than 10,300-square-metre, 128-room hotel. The mixed-use hotel will be the first non-casino new development of this scale in more than 40 years.
“I am thrilled we are able to break ground and start construction,” said Hamister Group, LLC Chairman & CEO Mark E. Hamister. “I believe this project will be a welcome addition to the Niagara Falls community. For the last 39 years, we have prided ourselves on delivering exceptional customer service to the Western New York region.”
The $35 million project calls for a six-story, 128-room Hyatt Place Hotel and will also include 1347 square metres of meeting and banquet space (including an outdoor patio) on the top floor and nearly 650 square metres of retail space facing Old Falls Street. Once completed, it will create six full time and 29 part time jobs.
When the Hyatt Place is completed in fall 2017, the City of Niagara Falls will have “upscale” brands from the top three hotels chains — Hilton (DoubleTree), Hyatt (Place) and Marriott (Courtyard).
Including the Hyatt Place Hotel, downtown Niagara Falls has five new hotels recently completed or currently under construction and one hotel renovation/retail expansion project, totalling nearly 600 new rooms and more than $90 million in total project costs.
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