Dream Group investing USD 100 million for luxury resort in New York State

Image
Press Trust of India New York
Last Updated : Dec 10 2018 | 8:40 AM IST

Indian-American hotelier Sant Singh Chatwal-led Dream Hotel Group is investing USD 100 million to build a luxury five-star resort in a popular mountainous region in New York state.

To be built on 26 acres, The Chatwal Lodge will come up in the Catskill Mountains in Sullivan County in southeastern New York State. The resort is expected to open in spring 2020. The groundbreaking ceremony for which was held last week.

Chatwal said the resort will help in the revitalisation of the iconic Catskill Mountains. "Sullivan County has great potential. Going by the history of this area, it was number one for tourism in the tri-state area. Now, it's time to bring it back as a top tourist destination," he said.

New York State Assembly Member Aileen Gunther said once open the project will become a world-class destination and an attractive addition to both New York State and Sullivan County.

"The Chatwal Lodge will bring full and part-time jobs, during construction and after it opens," said Bethel Town Supervisor Dan Sturm, "the new tourists and visitors that will come to Bethel will also bring new commerce and better economic opportunity for all the businesses already located here."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 10 2018 | 8:40 AM IST

Next Story