Diane Churder
Lewiston, NY (USA)
Role(s):
Founder/Owner/Principal
Barton Hill Hotel & Spa
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Startup
Location:
Lewiston
Industry:
Hospitality
Year Founded:
2005
Number Employees:
50-100 people
Description:
Selected by New York Post as of of top 4 new Luxury Desitination Boutique Properties on East Coast.
Barton Hill is a 78,000 sq ft new luxury destination hotel. Value of $17 million with current debt structure of less than 50%. Seeking mazenine financing of $500 to $750 through stablization period. Its 78 rooms were designed to five star standards and feature over 500 sq ft, fireplaces and luxury ammenities. The Property includes 7,000 sq of meeting space, restaurant and Spa and underground parking for 110 vehicles. The property is an independent which began a staged opening in Oct. 2007. Tracking ahead of proforma, the property is entering its second year of operations. Barton Hill is located on the Niagara Gorge on the American side, 10 minutes from the Falls at Niagara. The proximity to the 6th largest tourism destination, the strong Canadian market support and the lack of competition on the American side supports a strong growth pattern. Experienced management and sales team in place. Owners have heavy personal investment in property. (URL removed)