BUFFALO, N.Y. — Buffalo Grand Hotel owner Harry Stinson has narrowly avoided a foreclosure on the downtown hotel, thanks to a long-awaited insurance settlement, and the hotel could reopen to guests by year's end.
Closed since an early morning fire on Dec. 30, 2021, the hotel was slated for the auction block after being sued last summer by mortgage holder WNY Lodging LLC, an affiliate of Corning-based Visions Hotels Inc. Visions Hotels had operated the former Adam’s Mark Hotel until it was sold for $12 million to Stinson in 2018 and converted to the Buffalo Grand.
According to the foreclosure complaint and subsequent decisions filed in recent months in Erie County Supreme Court, Judge Emilio Colaiacovo in November 2023 appointed a receiver and referee to handle a foreclosure sale of the entire property at 120 Church St. As of April 1, Stinson’s Buffalo Grand Hotel Inc. owed the mortgage holder $20.4 million, the documents show.
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