WHEATFIELD – The Niagara County Industrial Development Agency approved tax breaks Wednesday for a new hotel in Niagara Falls.
Sunrise Lodging LLC received a 10-year property tax and sales tax abatement on its planned Comfort Suites hotel. The four-story, 72-room all-suite hotel is to be built on Niagara Falls Boulevard between 70th and 71st streets. That’s the site of the former Gambino Lincoln-Mercury auto dealership.
Sunrise Lodging is owned by the Patel family, owners of the Batavia Best Western Hotel.
The 52,000-square-foot hotel, costing nearly $6.7 million, is expected to open in June or July, employing the equivalent of 16 full-time workers.
Besides a payment-in-lieu-of-taxes, or PILOT, to reduce its property taxes, Sunrise Lodging will not have to pay sales tax on building materials, furnishings or equipment for the hotel.
The IDA staff figured that the incentive will save the company about $1.38 million over 10 years.
The IDA has approved tax breaks for four other Niagara Falls hotel projects this year.
They include a boutique hotel on Third Street; a Wingate by Wyndham hotel at Rainbow Boulevard and Fourth Street; the conversion of the old Moore Business Forms plant on Buffalo Avenue into an 84-room Courtyard by Marriott hotel; and the complete renovation of the Comfort Inn – The Pointe, owned by the Maid of the Mist Corp. near the entrance to Niagara Falls State Park.
“We are excited about seeing another hotel proposed for Niagara Falls, but at the same time, we would like to see shovels in the ground on some of these projects,” said Lockport Mayor Michael W. Tucker, the IDA’s acting chairman. “It would be nice to see some of the projects move forward beyond designs and renderings.”
The IDA also approved a 15-year PILOT for Brent Industries, the parent company of KJ Motorsports of Royalton.
The company, which sells parts for all-terrain vehicles, golf carts and snowmobiles, plans to nearly triple the size of its three-year-old, 7,100-square-foot plant on Mountain Road, just south of the Village of Middleport. Another subsidiary at the same location, Outdoor Furnace Supply, sells heat exchangers for pools and spas.
With the 12,600-square-foot addition, costing $604,250, the company’s work force is to be doubled from six to 12 within three years.
The property tax PILOT and exemptions on sales tax on building materials and equipment are worth $134,811 over the next 15 years, the IDA staff estimated.
The IDA also approved a one-year lease renewal for the Niagara USA Chamber on 1,120 square feet of space in the IDA’s headquarters building off Lockport Road in Wheatfield.
The Chamber will pay $478 per month in rent in 2014, and has the option to extend the lease for two more years, if it is willing to pay $500 a month in 2015 and $525 in 2016.