Jemal, the only bidder, purchases Hyatt Regency

Buffalo

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.

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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.

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