Canadian Developers Bullish On Niagara Falls, N.Y.

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    From WGRZ Channel 2 in Buffalo:

    Thursday evening, the Four Points Sheraton hotel in Niagara Falls will have its grand opening.

    “It’s a smart place to invest money,” said Faisal Merani.

    Merani and his family are investing a lot of money in Niagara Falls, New York.

    They are hotel developers from Niagara Falls, Ontario.

    2 On Your Side first spoke with Merani about 18 months ago when his family had just bought two hotels- The Fallside and the old Red Jacket Inn, both on Buffalo Avenue.

    The Red Jacket was in pretty rough shape back then.

    But over the past year, the Meranis have spent seven million dollars to totally re-do the place.

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