The Times Herald Record reports that the Kutsher family, owners of Kutsher’s Country Club, the famed, century-old hotel, has agreed to sell their resort for $35 million to Concord owner Louis Cappelli. Cappelli has already paid $2.5 million for an option to buy the property within a year, and has also paid them another $1 million to keep the hotel and golf courses open through 2008.
Kutsher’s, the last operating resort from the tourism heyday of the Sullivan County Catskills, will open in April, a week before Pesach.
Last year Kutsher’s made a deal with Satmar Camp (Rov Tov), to lease for one year the land that for 39 years was home to Kutsher’s Sports Academy on Anawana Lake Road.
Just last month, YWN reported (HERE) that Cappelli announced last month that he had reached a $700 million deal with Empire Resorts, the company that owns Monticello Gaming and Raceway, to move the gaming and racing facility to a 160-acre tract at the site of the old Concord Hotel.