DiCienzos buy two hotels
From the Niagara Falls Review:
Niagara’s DiCienzo family has picked up two of the best views of the Horseshoe Falls after buying the Marriott Fallsview and Sheraton Fallsview hotels last week.
“We’ve been looking for acquisitions for a little while. This move seemed to make sense,” said Dino A. DiCienzo, one of four children of patriarch Dino DiCienzo Sr., now involved in the family business.
He wouldn’t disclose how much his family paid to buy them from the family of Cosmo Menechella, another Falls family in the hotel business.
But tax rolls at city hall list the 32-storey Sheraton Fallsview’s assessment at $51.9 million and the 30-storey Marriott Fallsview’s at $66.3 million. Property assessments are supposed to reflect what a property could be sold for on the open market, though sale prices can deviate from assessed values.
The transaction means the DiCienzos have added the two Fallsview area hotels to their holdings on Falls Avenue — the Crowne Plaza and Sheraton on the Falls, as well as the Skyline Inn and Hampton Inn on Victoria Avenue.
Buffalo Business First also has an article called “Ownership change for 2 N.F., Ont. hotels” with information…
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“Why I love Niagara Falls” winner
So, a week ago I announced a contest in association with ETours.to. Visitors were to submit a reason why they loved Niagara Falls. The plan was for me to post the responses, and then choose a winner. Given the time of year, and the drop off in traffic in the off-season, I figured I’d get a half a dozen entries. Well, I only got one (two, if you could my sister tweeting a one-line answer). I wonder how many people thought about entering, and are kicking themselves for not sending something in
Anyway, the lone entry was provided by Colleen Cole. Here is her response:
I love Niagara Falls because of the water, not just the falls themselves, but the gorge, too is beautiful. Touring through the parks in the area is magical, especially during the fall when the leaves change colour or during the Winter Festival of Lights. I love the Butterfly Conservatory – where else can you go to see such beautiful butterflies? The horse drawn carriage rides, the cotton candy and the fudge are not to be missed. I would be remiss not to mention the dining. If you ever get an opportunity, the buffet at the Sheraton Fallsview is spectacular, both the food and the view – and it is extra special for my fiancé and I, as that is where we dined for the first time with my parents. The wineries, the cheese factories, the artisans and Afternoon Tea at one of the many boutique hotels in Niagara on the Lake also add to the attraction. Why do I love Niagara? For all of this, and more!
Colleen wins a Niagara Falls Tour from Toronto that includes pick-up and return from all locations in Toronto, winery visit with wine tasting, Niagara-on-the-Lake visit, Maid of the Mist (seasonal) or Journey Behind the Falls admission, and free time in Niagara Falls. Congratulations Collen!
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