NIAGARA FALLS, N.Y. – A landmark Niagara Falls hotel where Marilyn Monroe once stayed in the early 1950s is being bought by a state agency overseeing development in the economically struggling western New York city.
The Niagara Gazette reports (bit.ly/1pzYLbE) the USA Niagara Development Corp. on Wednesday agreed to purchase the Hotel Niagara from its current owner for $4.4 million. The agency will seek proposals to from developers to restore the 92-year-old downtown hotel.
Hotel Niagara has been closed since 2007. Canadian businessman Harry Stinson bought the property in 2011 and announced plans to renovate the 12-story structure and reopen it as a hotel. A deal to sell the 193-room hotel to another developer fell through.
Local officials view the hotel as a key to revitalizing the city.
Monroe stayed at the hotel in 1952 while filming “Niagara.”
