Local firm plans renovation of Catskill resort complex.
"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," 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 real estate assets with strong upside potential 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 architectural firm, 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 and tennis courts - will be enhanced. Its golf shop will be expanded and relocated.
"This will be a total soup to 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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|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||May 3, 2000|
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