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Grand Island hotel sold for $4 million

Updated: Wednesday, 24 Oct 2012, 6:06 PM EDT
Published : Wednesday, 24 Oct 2012, 5:43 PM EDT

Brian Tabor
Posted by: Eli George

GRAND ISLAND, N.Y. (WIVB) - The Holiday Inn on Grand Island has some new owners.

An investment group placed the winning bid during Wednesday's auction of the Whitehaven Road business. The group agreed to pay $4 million, according to Business First.

The hotel went into foreclosure and a bank invested a million dollars to upgrade the 263-room hotel.

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