Cogent Bank has filed a foreclosure lawsuit seeking to force the sale of the Wyndham hotel in downtown Rochester, alleging the property's operators defaulted on more than $6 million in loans.
The operators of the hotel, Horizon Edge Hospitality and Horizon Edge Capital, secured a $5 million small business loan and $850,000 conventional loan for renovations to the hotel.
Both loans were executed in April 2024 and are now alleged to be in default. Cogent Bank said Horizon Edge Hospitality defaulted on the loans and then later defaulted on a forbearance agreement in May 2026, which was intended to give them more time to pay on the debt. The bank is claiming a total of $6.3 million, including $5.4 million on the small business loan and $898,880 on the conventional
loan.
Cogent Bank is seeking foreclosure and sale of the property, priority payment of the debt from the sale, and a deficiency judgment if the sale doesn’t cover the debt.
In a reply, the defendants denied the allegations, including the amount owed and being in default on the loans. There are a number of defendants in the lawsuit that include the state Department of Taxation, US Foods, HD Supply Facilities Maintenance and Ambrose Mechanical Services Corp.
The downtown Wyndham hotel was temporarily shut down on June 12, a move Rochester Mayor Malik Evans called a last resort after management failed to address nearly two dozen critical fire and building code violations. The hotel owner, Nayan Patel, said an outside hotel management company hired to run the property didn’t do their job.
The hotel became a Wyndham in January 2025 and was previously a Holiday Inn. It was first constructed in the late 1960s. It’s also famously the hotel where David Bowie was busted in a suite on marijuana charges after performing at the Community War Memorial, now Blue Cross Arena.
This article originally appeared on Rochester Democrat and Chronicle: Bank seeks foreclosure of downtown Rochester Wyndham hotel
