“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.”
Click here for full article.
“East Lake Commons LLC, an affiliate of the Syracuse-based Sutton Real Estate Company, is proposing an 88,000 square foot mixed-use facility at the corner of East First Street and East Cayuga Street. The development, which would include more than 70 apartments and commercial space, was one of a dozen projects receiving funding through the 2016 state Downtown Revitalization Initiative (DRI).”