News for the Hospitality Executive
Buyers Intend to Return the Shuttered Nevele Grande Resort
in New York's Catskills to it Former Glory
NEW YORK NEW YORK - January 12, 2010 - Mr. Raphael Weiss of Tricon Development is pleased to announce that The Nevele Hotel in Ellenville, New York is under contract for sale to the Nevele Holding LLC. in conjunction The Giluet Foundation. The buyer’s intention is to restore the hotel to its former glory including concierge and first rate service, complete renovations, entertainment and luxury for all guests.
It is hoped that discussions with municipal and state officials may be completed shortly in order to expedite proceeding. The buyer intends to reach out to:
• All those to whom monies are owed from past operations;
It is anticipated that there will be many benefits including:
Mr. Weiss states that, “there will be no dependence upon the possibilities of gambling/horseracing or other expectations other than restoring the Nevele to its rightful position as the one and only Class A Resort. Such will go a far way toward reviving the economic fortunes of the area and bringing back the golden age that the area so rightly deserves.”
Tricon Development, Inc.
The Giluet Foundation
|Also See:||For $26.5 million, You Can Own a Catskills Resort; the 432 room Nevele Grande Resort and Country Club Up for Sale / March 2008|