Real Estate August 10, 2012 9:30 AM

Boutique Hotel Opening in Webb Building

Boutique Hotel Opening in Webb Building
Webb Lofts is going hotel.  Pearl Street Grill owner Earl Ketry is teaming with building owner Rocco Termini to convert the building into a boutique hotel.  Ketry currently operates a banquet facility on the Webb's first floor, Pearl @ The Webb.  This will be Ketry's second downtown hotel and second in a Termini-owned project.  He runs the 57 room Hotel  @ Lafayette which opened earlier this year.  

The $11 million, 32-unit Webb Lofts project was completed in 2007.  The Richardson Romanesque J.A. Webb Building was built in 1888 and had been vacant for almost two decades before being purchased by Rocco Termini.  Carmina Wood Morris designed the rescue plan for the building.  

James Fink at Buffalo Business First confirms the transformation from residential to hotel:

Developers Earl Ketry and Rocco Termini plan to turn the 141-year-old building into a 32-room boutique hotel. The conversion from a 32-unit apartment should be complete by mid-September, Ketry said. The building will reopen under the "Lofts on Pearl" banner and will be run as an independent boutique hotel.

Ketry said the decision to convert the Webb Building from apartments to a boutique hotel was the result of inquiries at his restaurant and banquet facility.

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The conversion to hotel is not a sign that the downtown residential market is softening.  According to Business First, all of the units in the building were leased when the decision to switch was made.

Termini and Ketry's relationship is expected to continue to benefit downtown in the planned AM&A's Department Store conversion.

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While I like this idea, and think it makes sense for the site, we are, clearly, about to see a bubble pop in Buffalo's new downtown hotel offerings. Do we really have that many visitors to the area to support all the new hotels coming online?

As a side note, kudos (again) to Tim Tielman et al who stepped up to save the "eyesore" of the Webb when it faced demolition--such an amazing building.

Score: -11 ( 29 votes ) Vote up Vote down Report this comment

No one is proposing a 1,200 room Marriott here. Relax.

replied to Travelrrr
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Oh I know, Tim Tielman has invested so much of his hard earned money into our beloved city. What a joke. The people with vision are Termini and David Burke who did this bldg. Get your facts straight.

Score: 5 ( 37 votes ) Vote up Vote down Report this comment

I didn't say Tim invested in the Webb, I said he saved it. If it weren't saved from the wrecking ball, there would have been no investment opportunity for Termini et al. You don't think it takes time, money to fight demolitions? And, who, ultimately, benefits? Not the preservationists (per se), but the developer and the public.

Score: 7 ( 29 votes ) Vote up Vote down Report this comment

Just curious, how did he save it? thru legal action, or did he stand in front of a bulldozer?

replied to Travelrrr
Score: 5 ( 15 votes ) Vote up Vote down Report this comment

He led the fight against Paladino, who wanted to tear down the Webb. www.niagarafallsreporter.com/mixedrecord.html

replied to saltecks
Score: 4 ( 16 votes ) Vote up Vote down Report this comment

This would have been a parking lot if it were not for Tielman. Get your facts straight.

Score: 7 ( 31 votes ) Vote up Vote down Report this comment

You should do some research on Tim Tielman.

The guy is responsible for saving countless buildings in Buffalo.

There would be no Canalside or Larkin District as we know them, without Tielman.

The Central Terminal, Richardson Towers, and many other buildings would be rubble if not for him.

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You might be stretching it a bit on Canalside and Larkin.

replied to hamp
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I'm not sure why you can't give credit to a guy that for many years made no money, worked off his kitchen table, and pretty much gives all his waking hours to saving this city.

replied to saltecks
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It's a boutique hotel conversion and a great idea, what is with all of this nonsense ......... Maybe Croce will take something out of this and get his large ass in gear in the boutique Curtiss building ..... Or at least work on the front entrance of his statler ..... Welcome tourists with scaffolding as an entrance

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Boutique hotels are a great addition to Buffalo and, as evidenced by the sea of Ontario license plates on the weekends, may help our neighbors to the north discover a different side of Buffalo. Every time I travel, I prefer boutique hotels because they have more character than chains. Plus this is a good location considering the investment in Canalside and downtown.

Score: 16 ( 18 votes ) Vote up Vote down Report this comment

And don't forget about the number of weddings Pearl Street cranks out annually. Much more convenient for the bridal party and family to be able to stumble over to their rooms right next door or upstairs from their reception. Makes a ton of sense.

Maybe this will force the Adam's Mark to finally tidy up their eyesore of a hotel. The rooms at the Lafayette are unparalleled for the price and I can only imagine that it will be the same at the Webb. Good move.

Score: 17 ( 19 votes ) Vote up Vote down Report this comment

Tim has done more to impede progress in our city than any other lib-impeder. Out of the way, we are actually becoming a real city! First Panera, then the Casino actually starts real construction, and now the doors are open for some real commerce.
I can already hear the cries and the rivers of bleeding hearts

Score: -11 ( 37 votes ) Vote up Vote down Report this comment

The most creative you can be is cite Panera and a casino as the makings of a "real city"? Have you ever been to a real city?

Score: 5 ( 25 votes ) Vote up Vote down Report this comment

no, i have never left the elmwood village or my Subaru and Prius. I let the trinket man sleep in my bed with my wife and our 2 golden retrievers. I hand widdle all the wood I can find and use frying grease to light and heat my house. I long for the days of artisanal bakeries, cheese shops and the whole world built to the curb. I love my leather moccasins

replied to Travelrrr
Score: 19 ( 47 votes ) Vote up Vote down Report this comment

I too long for the day when the Buffalo river water is replaced with organic locally microbrewed beer and the light rail is extended to Batavia and powered by homeless people running on a treadmill while the skyway gets converted to a solar panel field.

Score: 19 ( 31 votes ) Vote up Vote down Report this comment

How low can you go?

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I wonder if the tenants are being moved to one of Termini's other buildings or what. They said the building was fully leased when the decision was made. Can't wait to see it as a hotel though! I may have to take another "stay-cation" soon!! Just got back from the Hotel Lafayette and loved it!

Score: 10 ( 10 votes ) Vote up Vote down Report this comment

My exact thoughts; what becomes of the tenants and is it really more lucrative to run a hotel verses a more high-end apartment complex?

Plus, I was thinking this was a condo and not apartments….

Also, Niagara Falls, Ontario just released plans for a 500M Twin Tower Hotel....

replied to millertime486
Score: 6 ( 6 votes ) Vote up Vote down Report this comment

Does anyone know what is going to happen with the daycare that is in the building? Nothing say Chic Boutique Hotel like 50 rug rats running around the lobby.

I think this is a good move FWIW.

Score: 0 ( 6 votes ) Vote up Vote down Report this comment

The day care center has been gone for a while now. No issue there. My understanding is part of the problem with the apartments was a noise issue with the banquet facilities downstairs. Apparently some of the tenants weren't happy with the level of noise and how late it would go. By converting into a hotel, most of that problem would be fixed as most of the hotel guests would most likely be at the banquet facilities for the events.

replied to longgone
Score: 3 ( 5 votes ) Vote up Vote down Report this comment

Great, another obnoxious piece of architectural, wonder of the world exploiting garbage we will be forced to look at from the American side.

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genius reply from BassHow...loved it! ..on a different note, I think a boutique hotel would do well there considering the high Canadian dollar, Canadians wanting something close and urban rather than the hectic congested glassy monotony of Toronto. I believe the Mansion does quite well considering it's a bit far from the core and the Lafayette I stayed at recently; was outstanding in every way.

Score: 7 ( 9 votes ) Vote up Vote down Report this comment

wouldn't dream of second-guessing termini. just hope he doesn't cannibalize his own guests at the lafayette by offering rooms at the webb.

Score: 1 ( 1 votes ) Vote up Vote down Report this comment

32 rooms isn't exactly a game changer either way.

replied to grad94
Score: 7 ( 9 votes ) Vote up Vote down Report this comment

Id like to see them infill the empty lots with buildings of that period and architectural detail.

Score: -3 ( 13 votes ) Vote up Vote down Report this comment

You've made that agenda quite clear. Dumb idea, no one goes to a city to see replica buildings watered down my modern building materials and codes. That's what Disney World and Vegas are for. In fact perhaps you should move to Disney World so you can ride the monorail all day and convince them to extend it to UB north.

replied to paulsobo
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With Rocco Termini involved, it's a good bet this will be a successful venture.

Good luck to the project’s duo!

Also, a tip of a 100-gallon hat to Tim Tielman for his perpetual foresight and tireless efforts.

Score: 3 ( 11 votes ) Vote up Vote down Report this comment

It's a boutique hotel conversion and a great idea, what is with all of this nonsense ......... Maybe Croce will take something out of this and get his large ass in gear in the boutique Curtiss building ..... Or at least work on the front entrance of his statler ..... Welcome tourists with scaffolding as an entrance

Score: 7 ( 9 votes ) Vote up Vote down Report this comment

great for Buffalo! Rocco Termini sees the need for more quality hotels, and travelers are looking more to boutique ones than ever before. Hopefully market forces (all the openings of new, high quality hotels) eventually force the embarrassing Hyatt to deflag and become a mixed-use building like it should. I love the Genesee building but it's not living up to its potential as a sub-par hotel.

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The question is , how will this affect AM&A's re-do. Wasn't that suppose to have a hotel component?

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Hopefully it won't. Rocco Termini has been saying that he has the AM&A's building pre leased. I wouldn't think he would do anything to hurt that redevelopment. Plus he has already started asking the Erie County Industrial Development Agency for an incentive package to finance the AM&A's project so i think he still has plans for the whole building....fingers crossed at least!

replied to saltecks
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These hotels are all being created with minimum rooms and can all work together- buffalo can handle an increase of many more hotel rooms -

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I don't think it's even important to count rooms at this level. The bulk reservation metrics don't apply. These properties will live or die by location, service and repeat customers. Some will be around for generations and others will perish and be replaced by something else. It's the nature of the beast.

replied to elmdog
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this is pretty smart, this will be the first hotel easy walking distance to canalside and arena, quickly becoming the place to be. Iam sure Sabres packages and wedding packages will keep this small property full must of the year. We need more and better hotels, keep them coming.

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I think this is actually a good idea for a boutique hotel. Echoing many others, its location will (hopefully!) prove to be a hotspot in the coming years when downtown and the Canalside development are in full swing!

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I wonder when we're getting a Bertha's Kitty Boutique hotel--?

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Is it really true that the people in these apartments had trouble w/ the noise generated from the banquets? Were the apartments fully leased? Someone above asked if they paid for the relocation and I ask as well. Anyone know definitively?

Or could it be that the apartment concept just didn't fly considering the location and lack of services to carless renters?

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From the article: "The conversion to hotel is not a sign that the downtown residential market is softening. According to Business First, all of the units in the building were leased when the decision to switch was made."

replied to Pegger
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Thanks for the clarification. But something is just not right here as it just doesn't add up.

replied to JSmith
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Many of these old industrial buildings really need some commercial real estate love to bring them back to what they once were.

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