Schenectady’s Parker Inn Sold

One of Schenectady’s historical properties is now for sale.

Schenectady’s Parker Inn has been through quite a few owners and now, it’s hoping to get new life with yet another. Co-owner Darshan Patel told The Daily Gazette that he was in the final stages of selling the slender, eight-story building at 434 State St. that for nearly 20 years has been the Parker Inn.

Patel didn’t go into much detail except that the new owner was an investor from New Jersey who hopes to upgrade the space and reopen it. “I am sad because it’s a very nice hotel and I didn’t get a chance,” Patel said. “I definitely see a lot of potential for growth in the downtown market.”

When the building was constructed, it was called the Needle Building and was the tallest in the city in 1900 but only 24 feet wide. In 2002, it became the Parker Inn. After upgrades and a grant from Metroplex, the owner filed for Chapter 11. In 2013, Jim and Paola Horvath bought the Parker Inn and brought in Mazzone Hospitality to run it. Mazzone Hospitality already owns Key Hall and they felt it would be a great pairing, giving Key Hall guests a place to stay.

In 2018, Patel’s company, Bhagu & Pritamber Hotels Inc. purchased the Parker Inn and in 2019, they began trying to sell it. The hotel has mostly been closed since then.