Hamister Group, LLC secures financing, will break ground on Hyatt Place Hotel

June 01, 2016

NIAGARA FALLS, NY – Hamister Group, LLC is pleased to announce it is moving forward with its 128-room Hyatt Place Hotel after securing financing.

"I am thrilled we will break ground and start construction. I believe this project will be a welcome addition to the Niagara Falls community," Mark E. Hamister, Chairman & CEO of the Hamister Group, LLC said. "For the last 39 years, we have prided ourselves on delivering exceptional customer service to the Western New York region. We look forward to bringing the same level of service to Niagara Falls."

Hamister Group will have a groundbreaking in late June at 310 Rainbow Boulevard. In the meantime, the Contractor is expected to start mobilization of the site for construction within the next two weeks. More information on the date of the groundbreaking will be available soon.

The $35 million project calls for a six-story, 128-room Hyatt Place Hotel and will also include 14,500 square feet of meeting and banquet space (including outdoor patio) on the top floor and 7,000 square feet of retail space facing Old Falls Street.

"I would like to thank Chris Schoepflin of USA Niagara for being an excellent partner throughout this entire process as well as Mayor Dyster for his leadership," Hamister said. "In addition, thanks to the direct assistance of Governor Cuomo and Sam Hoyt on this project. Without their support this project would not be a reality today. We look forward to being part of the successful revitalization of Niagara Falls and Western New York as a whole."

Construction is anticipated to take 15 months. R&P Oak Hill Development, LLC is the General Contractor for the Hyatt Place hotel project. This development will also help create 35 full-time equivalent jobs. Hamister Group's last development – 10 Lafayette, formerly known as the Tishman Building – was completed in 2014. The $42 million development serves as Hamister Group LLC's corporate headquarters; has 18 loft-style apartments; and is the home of a new 124-room Hilton Garden Inn.

Hamister Group is a national healthcare and hospitality management organization located in Buffalo, NY.

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