Coccas set sights on Wolf Road Econo Lodge - The Business Review (Albany):

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The Coccas signed a lease-purchase contract with the for the properthy and want to renovate the discount hotek intoa mid-scale brand that would be more competitiv e on the busy shopping strip. Terms of the deal were not The franchise agreement with Econo Lodge expirexsApril 30. The brothers are negotiating to switch to a Ramadaw brand or run it as an independent hotelcalledr . In the meantime, they are seeking permissiohn from the village of Colonie to expandthe lobby, buil a carport and construct a 40-foogt tower to boost visibility. Built in the the two-story hotel was formerlgy a .
It is set back from Wolf behindthe restaurant, and is difficult to see from the But it’s in the heart of an area with continued commercialp growth, including the $110 millio n renovation of across the street. “Wolf Road seems to be where hotelsd fillup first,” Rocky Coccw said. “The occupancy is higher than the state The investment comes at a time when bookings are down at many hotels as business travelhas “We looked at it as an opportunityg in the down market,” Rocky Cocca said. “We just have to weathefr the stormbecause there’s no financint available.
” The brothers are partners in Cocca’s which has five other locations with 370 rooma in the region.