ELLENVILLE – Nevele Resort
and ProSport Campus in Ellenville/Wawarsing has successfully completed
its first round of funding, Asia Pacific Investment House reported on
Friday.
The total development budget is $318 million with early indications looking
“extremely positive for the second round now open to investors”
via the venture and private equity advisory firm.
The redevelopment plan will see the 580-acre former hotel/resort into
a conference and youth sport center, which will include a 500-room hotel,
spa, conference center, dining facilities, an 18-hole golf course, nine
Major League Baseball and Little League baseball fields, a 14-court tennis
academy, golf course, biking, zip lining, skiing and ice skating.
“The range of amenities, services, and attractions, and access from
New York City positions the resort distinctly, to meet the strong demand
for second homes in the Hudson Valley where the supply of similar homes
is very limited,” said Graham Kwan, CEO of Character Capital, the
co-developer of the resort with Nevele Partners.
