Originally a first-generation Residence Inn by Marriott built in 1972 and acquired by PEG in early 2021, this property joins the PEG Extended Stay Conversion Fund, L.P. [PEG ESCF], a fund specifically dedicated to the conversion of discounted extended-stay hotels into quality Class-B multifamily housing. Now known as the AVIA Lofts at Maple Road, this multifamily community helps satisfy the growing demand for workforce housing in the Buffalo area. Residents enjoy the property’s ideal location adjacent to the University of Buffalo and a 20-minute drive from Niagara Falls while taking advantage of its impressive amenity package which includes an outdoor pool, a large tennis court, a fully equipped gym, a fire pit, and more.
Location: Amherst, NY
Year : 2021