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Hotel Utica reportedly for sale

UTICA, N.Y. (WKTV) - Hotel Utica may be up for sale, that according to the real-estate website Loopnet.com.

The listing price is $10.7 million for the 100-plus room hotel. The hotel was fully restored in 2001 for an estimated $11 million, and most recently has faced numerous tax issues.

The owners of the Hotel Utica say that they put the hotel on the website to see if there is any interest in its purchase.

However, they assure that the hotel is not going to close.

As for the back taxes owed to the city, the owners told NEWSChannel 2 that they promised the taxes will be paid back in the next few weeks.

 

 

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