Local firm plans renovation of Catskill resort complex.A $10 million renovation and upgrade will begin this summer to transform one of the Catskills' most well-known properties - the 800-acre Nevele Grande Resort and Country Club in Ellenville, NY - into a year-round resort catering to traditional clientele and to the tourist and business communities as well. "One of our major priorities is to upgrade and expand the Nevele's meeting rooms and conference center facilities in order to attract corporate clients that want the best of both worlds - business meetings in a beautiful country setting with first class golf and recreational facilities just 90 miles from New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ," asserted the Nevele's new owner, Joel S. Hoffman, who together with his partner Mitchell Wolff, purchased the 682-room hotel complex in March. The property, which began as a farm and boarding house in 1903, is the Catskills' oldest continuously operating resort. Messers., Hoffman and Wolff, principals of Stratford Business Corporation, are longtime real estate investor/developers who own over six million square feet of office and industrial properties throughout the U.S. "Our specialty is in buying undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. real estate assets with strong upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar and successfully repositioning those properties so that they achieve their maximum potential," said Wolff. The Nevele will continue to operate during its makeover, which will be carried out from plans by the Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c. , Adache Associates, a specialist in resort properties. According to the new owners, all 682 rooms in its six main buildings will be upgraded as will the common areas, including lobbies, corridors and elevator cabs. Even the property's recreational facilities a health club and racquetball racquetball, sport played indoors by two or four players, combining elements of court handball and such racket games as squash racquets. It is played on a standard handball court 40 ft (12.2 m) long, 20 ft (6. and tennis courts - will be enhanced. Its golf shop will be expanded and relocated. "This will be a total soup to nuts "Soup to nuts" is an English idiom conveying the meaning of "from beginning to end". It is derived from the description of a complete meal, whose courses range from soup to a dessert of nuts. renovation," asserted Hoffman, who expects to have the key elements of the upgrading - high-tech meeting and conference rooms, and refurbished guest and common areas completed by next March. Operated as the Nevele and Fallsview resorts by three generations of the Slutsky family through most of the 20th century, the separate hotels were purchased by Fred Kassner in 1997 and combined into the Nevele Grande Resort. Kassner died in 1998, leading to its most recent sale. |
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