Square Feet: In the Catskills, New Hope for the Return of Tourism [The New York Times]
EMPIRE RESORTS (NYNY)
US:NASDAQ Investor Relations:
empireresorts.com/investor-relations
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Source: The New York Times
Developers are working on or have completed a string of resort and hotel projects, including a gleaming new yoga retreat, a converted former furniture store and a renovated lakeside boardinghouse. It is contributing to a small but significant increase in the number of hotel rooms, according to the Sullivan County Visitors Association. After remaining flat for more than a decade, the number of rooms has jumped 25 percent in the past few years and now totals 2,100 across about 50 properties, the association said. But that seems like a sliver of what existed in the mid-20th century, the borscht belt era memorialized by the movie “ Dirty Dancing .” Indeed, in the early 1950s, there were more than 500 hotels in the area, plus 2,500 bungalow colonies, including some in neighboring Ulster County, according to historical accounts. Hotel proponents have also pointed to the Bethel Woods Center for the Arts, the performance space that opened in 2006 on part of the site of the 19
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