Fournier Appointed Receiver of Cortland Hotels

Syracuse Property Management Company

“CORTLAND — Sutton Real Estate Co. announced that Louis Fournier, company president, was appointed by the state Supreme Court in Cortland County earlier this year to be the receiver for the Ramada Inn and Red Roof Inn in Cortland. The two hotels have a total of 150 rooms.The property containing the hotels had fallen into disrepair in recent years, according to Syracuse based Sutton Real Estate, and 40 of the 150 rooms in the Ramada Inn were closed due to water damage from a leaking roof. The occupancy and the overall condition of both properties was negatively impacted as a result. Sutton says it has started renovating the 40 rooms that were out of commission and began reintroducing the property to the Cortland market under the new management of Gulph Creek Hotels, which has been hired to manage the hotel during the receivership.”

 

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Fournier Appointed Receiver for Two Hotels in Cortland

Syracuse Property Management Company

 “A court-appointed receiver has been placed in charge of the Ramada Inn and Red Roof Inn motel complex in Cortland and has started rehabilitating the property foreclosed upon in February for failing to pay more than $300,000 in local property taxes and federal income taxes. The property had fallen into disrepair in recent years and 40 of the 150 rooms in the Ramada Inn had been closed because of water damage from a leaking roof, said the receiver, Louis Fournier of Syracuse-based Sutton Real Estate Co. Fournier was appointed receiver by the state Supreme Court in Cortland County in February and began his work March 1.”

 

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