Hart Hotels sells 117-room Holiday Inn to Bhavani Hotels for $5.65 million

The 117-room Holiday Inn on Dingens St. has been recently sold by Hart Hotels, Inc. to hotelier Jay Patel of Bhavani Hotels for $5.65 million. The multi-story hotel was built in 1963 and operated as Holiday Inn until the late 1990s when it was renovated and rebranded as a Holida Inn Express. It was acquired by Hart Hotels in 1985. "It was the right time and I thought we got a fair price from the buyer," said David Hart, president and chief executive of Hart Hotels. Bhavani Hotels plans to make a total of $300,000 in improvements to the hotel by this summer. Bhavani Hotels owns 15 hotels in their portfolio, including a Holiday Inn on Camp Rd. in Hamburg. Hart Hotels is working on two area projects that include a Candlewood Suites in Amherst and the Watkins Glen Harbor Hotel.

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