Friday, 07 March 2014 11:51
Adelphi Hotel Renovations To Extend Into 2015
SARATOGA SPRINGS – Located at 365 Broadway, renovations at The Adelphi Hotel will continue this year, missing out on another tourist season after it began renovations last year.
Delays in renovations are in part due to the difficulty of gutting the 137-year-old hotel and could require another 12 to 14 months to complete.
When Richbell Capital LLC bought the property in 2012 for $4.5 million, renovations were estimated at $6 million to $7 million. However, the president of Richbell Capital LLC, Toby Milde, said that budget for renovations has increased, but did not give an exact figure.