Inn on the River, Fallside Hotel face foreclosure; both facilities are closed

This doeesn’t help Niagara Falls NY…

From the Buffalo News:

A hotel on the Niagara River that closed after a fire last year and another that was slated to go up for auction but never did are facing foreclosure.

An attorney for GE Capital Corp. filed paperwork for a “non-judicial proceeding for foreclosure by power of sale” in Niagara County last week for the Inn on the River and the Fallside Hotel and Conference Center.

Both hotels are located on Buffalo Avenue and were sold by GE Capital in 2005 to a group of Canadians after GE Capital obtained the properties through a previous foreclosure.

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Tags: buffalo news, fallside hotel and conference center, niagara river