Salvatore Landbanks Lancaster Property

August 20, 2012 Updated Aug 20, 2012 at 7:09 AM EDT

By WKBW News

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August 20, 2012 Updated Aug 20, 2012 at 7:09 AM EDT

LANCASTER, NY (WKBW) - Should Trocaire College ever decide to expand its Russell J. Salvatore School of Hospitality and Business, it can thank the noted business and civic leader for his forward thinking.

Salvatore, through is Salvatore Properties LLC affiliate, purchased 3.34 acres of vacant land along Freeman Drive in Lancaster and is landbanking the parcel for Trocaire should it ever need to expand the hospitality training and education institute named after the prominent restaurateur. Salvatore paid $1.5 million for the property, buying it from local business leaders Fred Hanania Sr., Roger Pasquarella and Mary Jo Lobrutto, according to documents filed in the Erie County Clerk's office.

"I just want to help them," Salvatore said of Trocaire. "I'm going to hold on to the land until they need it."

Trocaire has no immediate plans to expand the Salvatore school.

The school sits on a culinary and hospitality campus Salvatore has developed along Transit Road and heading back towards Freeman Drive in the Town of Lancaster.

The property is anchored by his signature restaurant, Russell's Steaks, Chops & More, and his Salvatore's Grand Hotel.

Salvatore is in the process of adding 19 more rooms to the 76-room Grand Hotel. The new rooms should be ready to welcome its first guests by late winter or early spring.

Salvatore said he added the rooms because of the high occupancy rate at the Grand Hotel. The hotel attracts those bound for the Clarence/Amherst/Lancaster/Cheektowaga markets as well as Canadians headed to local malls for shopping excursions or flying out of Buffalo Niagara International Airport.

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