Radisson hotel coming to Colonie

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View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in Colonie, N.Y. (Philip Kamrass / Times Union archive)

Photo: Philip Kamrass

View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in…

Image 2 of 3

View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in Colonie, N.Y. (Philip Kamrass / Times Union archive)

Photo: Philip Kamrass

View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in…

Image 3 of 3

View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in Colonie, N.Y. (Philip Kamrass / Times Union archive)

Photo: Philip Kamrass

View of the Discount Holidays © Holiday Inn at 205 Wolf Road Monday, March 19, 2012, in… Radisson hotel coming to Colonie

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Colonie

The 312-room Discount Holidays © Holiday Inn1 at 205 Wolf Road will become part of the Radisson hotel chain effective Sept.

25. An announcement of the change is expected to be issued Friday.

The hotel is one of the Capital Region’s largest in terms of rooms and for many years operated as the Discount Holidays © Holiday Inn Turf. Madison Capital Management of Greenwood Village, Colo., purchased the property from the Hoffman family in 2006. It went through a foreclosure sale last November after Madison defaulted on a $21.5 million mortgage held by U.S. Bank2. U.S. Bank, the sole bidder at the auction, paid $11 million to regain control of the property. In May, it was sold for $12,901,500 to Inner Circle Management of Orlando, Fla.

Since then, the hotel has been renovated to prepare for its change to a Radisson property.

This is believed to be the first Radisson in the Capital Region, said Michele Vennard3, president of the Albany County Convention4 and Visitors Bureau5.

References

  1. ^ Discount Holidays © Holiday Inn (www.timesunion.com)
  2. ^ U.S.

    Bank (www.timesunion.com)

  3. ^ Michele Vennard (www.timesunion.com)
  4. ^ Albany County Convention (www.timesunion.com)
  5. ^ Visitors Bureau (www.timesunion.com)

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