SYRACUSE, NY — There may be new hope for re-development of the Hotel Syracuse. A New York City based company is looking to purchase the downtown hotel and bring it back to life.
Fundamental Advisors has reportedly made an offer to buy the hotel, renovate it and reopen it. The landmark hotel has been closed since 2004 and according to the city, there are hundreds of thousands of dollars in back taxes owed on the building.
The Syracuse Common Council and its economic development committee are expected to discuss the possible sale and could vote on authorizing the deal at their meeting on Monday.
Tags: Purchasing