SPRINGFIELD — Winning bidders who bought the majestic but decayed Paramount Theater and the Massasoit House hotel block, a family-owned business that is restoring a small cinema in Connecticut and developing housing and retail in nearby Windsor.

Sachdev Real Estate Development in Suffield, Connecticut, 1676-1708 Main St., according to documents filed Wednesday with the Hampden County Register of Deeds Office. and 33 Gridiron St. He paid $750,000 for the Paramount and Massasoit property, a building at . Sachdev – headed by chairman Manmohan Sachdev – was the anonymous bidder in an online auction in late September.