Asia Pacific Investment House and New York's Iconic Nevele Resort Announce Completion of Initial Funding

04/01/2018 12:52

SINGAPORE, Jan. 4, 2018 /PRNewswire/ -- Nevele Resort & ProSport Campus has successfully completed its first round of funding. With a total development budget of US$318m, early indications are looking extremely positive for the second round now open to investors via Asia Pacific Investment House ("APIH").

The re-development of the 580-acre Nevele Resort into the leading conference and youth sport destination in Northeastern USA includes a 500 room hotel, spa, conference center, a variety of dining experiences, an 18 hole signature golf course, nine MLB and Little League baseball fields, a 14 court tennis academy, mountain biking, zip lining, skiing and ice skating, amongst other attractions. The combination of these top-quality resort amenities with luxury residences for sale, underwritten with multi-year, pre-booked sport, conference, event, and destination group sales, creates a monopoly asset only 90 minute's drive from New York City (44 million people within a 3-hour drive) in the sought after Catskills/Hudson Valley.

Mr. Graham Kwan, CEO of Character Capital, the Co-Developer of the Resort with Nevele Partners, said: "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. Our well- established relationship with APIH and their experience and advice with funding mixed-use, iconic developments was decisive".

Mr. Pierre Moerland, Chief Investment Officer of APIH, the lead finance arranger on behalf of Nevele Partners, added: "We are advising on the Nevele Resort & ProSport Campus investment proposal via our equity and debt finance relations specifically in the Far East, which is the fundamental core of our business; we are extremely proud to be part of this exciting re-development".

Asia Pacific Investment House is a leading venture capital and private equity advisory firm with its operating HQ in Singapore's Financial District. With a substantial and diverse client base APIH advises on funding across a wide range of sectors and funding consultancy of Project Investment opportunities.

www.apih.asia

Ms. Alice Chew
Communications Director
Tel.: +65-6818-5735
Fax: +65-6818-6111
alice.chew@asiapacificinvestmenthouse.com

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