SCHENECTADY—The Belvedere Inn, a 31-room boutique hotel, sold for $1,725,000 on Friday.
The Mallozzi family opened the hotel, which is located on Curry Road 15 minutes from downtown Schenectady, in 2002. They decided to sell it to focus on their catering and restaurant business. The Mallozzi Group, the family’s restaurant business, owns Villa Italia, Johnny’s, and Rivers Casino food services at the Rivers Casino and Resort.
The hotel closed for a couple of months at the start of the pandemic but reopened in June, said Mitchell Muroff, the owner of the hospitality group that represented the seller and secured the buyer for the sale.
“It is open and doing nicely," Muroff said. "I have every confidence that it will continue to prosper."
The new owners, Jimit Patel and Krunal Patel, are experienced hoteliers who own a hotel in New Hampshire and one in Maine. “They have plans to upgrade some of the finishes in the hotel to make it even more lovely,” Muroff said.
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December 15, 2020 at 05:29AM
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The Belvedere Inn sold, owners’ catering business to continue - Times Union
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