NCIDA To Consider N.F. Hotel/Restaurant Plan

August 8, 2012 Updated Aug 8, 2012 at 7:18 AM EDT

By WKBW News
By Business First by James Fink

August 8, 2012 Updated Aug 8, 2012 at 7:18 AM EDT

NIAGARA FALLS, NY (WKBW) - A formal vote on an incentive package request by hotelier Ali Rizek deemed necessary to finance the construction a 100-room Comfort Inn and Suites in Niagara Falls is expected when the Niagara County Industrial Development Agency directors meet on Aug. 8.

Rizek has said he will invest $6.6 million to build the hotel and an adjoining New York-styled restaurant on the Niagara Falls Boulevard property he owns. The project is estimated to employ 60 people on a full and part time basis and have an annual payroll of more than $2.1 million.

The hotel would neighbor an Econolodge motel that Rizek also owns and operates.

Rizek is negotiating with national chains for the restaurant.

Construction is expected to start later this year.

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