Marriott Buffalo Niagara Amherst, NY

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Omari Head
T | 410.406.7259
ohead@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the lender-owned Marriott Buffalo Niagara offered for purchase through REO sale.
  • Property is being offered for sale through the December 14th auction event on Ten-X.
  • Asset being under receiver control since August 2021 with lender completing foreclosure in April 2022
  • Strong residual upside in purchasing REO asset at a discount to the prior debt balance, completing Marriott PIP and retaining a new long-term franchise license agreement.
  • Within walking distance of the +32,000 student University of Buffalo with a Division I athletics program.
  • Situated approximately one-mile of the 25,000 fan capacity University of Buffalo Stadium and the nearly 7,000 seat capacity Alumni Arena.
  • Asset is readily visible and accessible via Interstate I290 with upwards of 100,000 vehicles passing the location daily.
  • Approximately seven miles from Buffalo Niagara International Airport with a recently completed $80MM renovation and expansion.
  • Proximate to all four of the Buffalo area US / Canadian border crossings – including the Peace Bridge which is the second business US / Canadian border crossing.
  • Proximate to all additional regional demand including downtown Buffalo and Niagara Falls – host to approximately 20MM visitors annually.
Location

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