Jemal, the only bidder, purchases Hyatt Regency


BUFFALO, N.Y. (WIVB) — As the only bidder, Douglas Jemal is the new owner of the Hyatt Regency hotel in Buffalo.

In a foreclosure auction, Jemal bid $15 million for the building, which has been closed since March 2020.

Jemal’s company, Douglas Development, owns a number of buildings in the Queen City, including Statler City and Seneca One Tower. Additionally, he owns property in Washington D.C.

MORE | Douglas Jemal announced as new owner of Statler City

In one of Donald Trump’s final acts as President, Jemal was pardoned for a 2006 conviction for wire fraud. His sentence was probation.

The pardon stemmed from Jemal’s work rebuilding a number of urban settings, according to a statement from White House officials.

Latest Posts

Evan Anstey is an Associated Press Award and Emmy-nominated digital producer who has been part of the News 4 team since 2015. See more of his work here and follow him on Twitter.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Now