Vrancor Group to redevelop Niagara Falls hotel
Ontario-based Vrancor Group has acquired the 232-room Radisson Hotel & Suites in Niagara Falls with plans to undertake a comprehensive renovation and relaunch. The property is now closed but is expected to reopen under the IHG Hotels and Resorts voco brand.
The hotel sits on a large site near Horseshoe Falls, the Niagara Falls Convention Centre, Fallsview Casino and the Skylon Tower, and also accommodates two restaurants in leased space. It is among about 80 projects in the redevelopment pipeline for IHG’s voco portfolio, which currently comprises 77 pre-existing hotels that have been converted to the upscale brand.
The new owner has a track record building, redeveloping and managing hospitality properties, and has partnered with IHG, Hilton, Marriott, Best Western and Accor. Vrancor currently operates 22 hotels throughout Ontario, including in the Greater Toronto Area, Hamilton, Niagara, Brantford and Timmins. The vendor, Benderson Development, is based in Buffalo, New York.
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