GLENS FALLS, N.Y. (AP) — A New York developer who owns popular shopping outlets near the Adirondacks has purchased a landmark 90-year-old hotel in a nearby upstate city.

The Post-Standard of Glens Falls reports (bit.ly/22XtTAs) Ed Moore announced Monday that he has purchased The Queensbury Hotel, built in 1926 in downtown Glens Falls by a group of local business leaders.

Moore bought the 125-room hotel from Queensbury Hotel LLC, a Connecticut-based investment group that had owned and operated the property since 2001.

Moore's plans for the Queensbury will be announced late Wednesday morning in the hotel lobby.

Moore owns the French Mountain Commons and the Log Jam outlet shopping centers in the neighboring town of Queensbury, just south of Lake George.

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Information from: The Post-Star, http://www.poststar.com