CLIFTON PARK — The IHOP restaurant on Plank Road has been purchased by the Chenega Corp., a company owned by the Chenega Native American tribe based in Alaska.
The restaurant was sold in early January for $1.2 million by owner Mashoor Awad, of Delaware, according to deed information filed in the Saratoga County Clerk’s Office.
The property, according to Saratoga County databases, comprises 1.14 acres and was valued at $1,028,571 in 2018.
A representative from Chenega Corp. did not respond to a request for comment on the purchase.
According to the New York State Department of State corporation database, Chenega Corp. also owns IHOP restaurants in Watertown, New Hartford, and Poughkeepsie.
According to the Chenega Corp. website, the company has divisions that focus on security, technology, environmentalism and construction services.
Awad did not respond to a request for comment on the sale, but according to his Linkedin account, he has owned several IHOP locations in Delaware and Maryland for 16 years.
Bank of America provided a $900,000 mortgage to Chenega for the purchase on Jan. 11, according to documents filed in the county clerk’s office.