September 30, 2022


Travel Finishes First

Poughkeepsie Grand Hotel sold for $9.5 million

3 min read

The Poughkeepsie Grand Hotel & Convention Middle in downtown Poughkeepsie has been sold for $9.5 million to a Utica-dependent lodge operator who programs to finally transform it into a Hilton Lodge. 

The sale of the 195-space, 7-story hotel was finalized on Friday, March 11 to Visions Lodges LLC. Minesh Patel, Main Money Officer of Visions, reported he plans to continue giving banquets at the lodge, but will will rebrand it Doubletree by Hilton Resort. The new organization will spend involving $5 million and $7 million in updates beginning in late winter or early spring just before it makes the branding swap.

Visions Hotels will not near the lodge for the roughly two-year-extended renovations, opting as an alternative for a ground by flooring renovation that it states will not effect hotel stays or gatherings.

“We’re very lucky to operate a resort with a wonderful reputation,” explained Arun Patel, Chief Growth Officer of Visions Accommodations. “We’re heading to greatly enhance it with the Hilton flag and renovate it to make it even greater.”

The Poughkeepsie Grand Hotel is found downtown throughout from the Majed J. Nesheiwat Conference Center, at 40 Civic Middle Plaza, and is regarded for internet hosting significant-scale situations. Its two ballrooms can accommodate up to 214 and 300 visitors each, though a rooftop marriage ceremony yard house opened in 2018.

“I consider it will be a optimistic transform,” reported Sarah Lee, executive director of the Dutchess County Industrial Development Company. “It will carry on to be an financial draw for the Metropolis of Poughkeepsie, and the addition of a brand name will only make it a lot more appealing simply because when folks journey and they’re not common with the region, they tend to keep with makes they’re familiar with. Often it’s tricky when you are a non-public resort to get the self esteem of folks exterior the area.”

Visions Motels LLC operates 49 hotels across upstate New York, including in Albany, Rochester and Cortland, as well as in Pennsylvania and Connecticut.  The enterprise usually will work with franchises like Hilton, Marriott and Most effective Western. It also operates the Fishkill Finest Western.

The Poughkeepsie area is home to two franchise resorts, together with Homewood Suites by Hilton Poughkeepsie and Hampton Inn & Suites Poughkeepsie, but neither are located instantly inside metropolis boundaries or downtown. 

Patel stated Poughkeepsie’s proximity to their other accommodations and New York City made it an attractive spot. “It’s a wonderful town not significantly from New York City, and we think it will be a pretty awesome project. Individuals are traveling for leisure much more now than ever and I assume that will carry on.”

The Town of Poughkeepsie has ongoing to mature in modern many years. This spring, a new $13 million dining, searching and apartment residing intricate, recognised as The Academy, is coming to downtown. Furthermore, a 35-acre neighborhood that includes 120,000-sq.-toes of business authentic estate, like cafe, health-related, retail, business office area and 250 leased residences, with an additional 150 planned over the future two years, is continuing to be constructed as a portion of Eastdale Village.

An urban rail path project is also in the performs to far better join the city and town of Poughkeepsie.

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