Falls settles lawsuit over parcel where hotel is planned by Hamister

[From BuffaloNews.com]

The city has settled a lawsuit that was filed last week over control of a downtown parcel that is slated to become a $35.7 million hotel.

JD Gifts LLC leases from the city the parcel at 310 Rainbow Blvd., the site where the Hamister Group is planning a six-story Hyatt Place hotel…