$57M mortgage debt forces closure of renowned Rye Brook resort

The Doral Arrowwood Resort, one of the premiere Hudson Valley venues for decades, is now just days away from shutting down.

News 12 Staff

Jan 3, 2020, 10:38 PM

Updated 1,574 days ago

Share:

The Doral Arrowwood Resort, one of the premiere Hudson Valley venues for decades, is now just days away from shutting down.
The venue was renowned for weddings and conferences. Four years ago, Hillary Clinton prepared at the resort for her final 2016 presidential debate.
On Friday, resort employees left the venue with boxes. All 275 workers were notified on Christmas Eve that they would lose their jobs in just two weeks.
The resort’s mortgage was taken over by a new lender that no longer wants to fund expenses for the bankrupt business. The total mortgage debt sits at an estimated $57 million.
On top of 275 people out of work, about 35 parties are also out of a deposit after receiving cancellation notices from the resort. One soon-to-be-bride told News 12 that losing the deposit "adds to the difficulty of finding a new place."
The Crowne Plaza of White Plains took to Facebook to reach out to couples who are now scrambling to find replacement wedding venues.
The Village of Rye Brook is taking an estimated $600,000 hit in property tax and hotel occupancy tax. The Blind Brook School District is now losing $1.1 million a year, with the second half of that bill due at the end of January.
“It was done without any notice except at the last week of December to the village and I don’t think that’s acceptable," says Sen. Shelley Mayer. State law requires employees to receive 90 days-notice. Sen. Mayer is now working with the Department of Labor to see if there is any legal recourse.
The county is working to help employees find new work while the tourism bureau is offering to help couples locate new wedding venues.


More from News 12
1:23
Pro-Palestinian demonstrators rally in Irvington during President Biden's visits to Westchester

Pro-Palestinian demonstrators rally in Irvington during President Biden's visits to Westchester

2:29
Sunny and mild Friday for the Hudson Valley; tracking rain for Saturday

Sunny and mild Friday for the Hudson Valley; tracking rain for Saturday

0:48
President Biden announces future opening of upstate microchip factory

President Biden announces future opening of upstate microchip factory

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

0:17
Village of Walden police: Suspects found in connection to shots fired incident

Village of Walden police: Suspects found in connection to shots fired incident

0:21
Rockland County DA: Haverstraw man pleads guilty in sexual abuse of 2 children

Rockland County DA: Haverstraw man pleads guilty in sexual abuse of 2 children

0:51
Indian Point oversight board, Holtec discuss decommissioning options of former nuclear plant

Indian Point oversight board, Holtec discuss decommissioning options of former nuclear plant

0:47
State police: DNA sample from human remains found does not match profile of missing Putnam teen

State police: DNA sample from human remains found does not match profile of missing Putnam teen

0:31
New mural of Yonkers hip-hop legend Mary J. Blige unveiled at Palisade Towers

New mural of Yonkers hip-hop legend Mary J. Blige unveiled at Palisade Towers

0:35
Police find evidence in burglary while investigating a domestic dispute in Monroe

Police find evidence in burglary while investigating a domestic dispute in Monroe

0:30
Wake services held for the Westchester correction officer who died in Bronx River Parkway crash

Wake services held for the Westchester correction officer who died in Bronx River Parkway crash

Motorists encounter traffic delays, road closures in and around Irvington during President Joe Biden's visit

Motorists encounter traffic delays, road closures in and around Irvington during President Joe Biden's visit

1:42
Newburgh senior housing manager asks city for help protecting residents

Newburgh senior housing manager asks city for help protecting residents

0:25
Dramatic video captures car fire in Nanuet

Dramatic video captures car fire in Nanuet

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

0:24
New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

0:24
Breeze Airways expands services from Westchester County Airport

Breeze Airways expands services from Westchester County Airport

1:47
Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

0:26
Luxury VIP experience coming to Woodbury Common Premium Outlets

Luxury VIP experience coming to Woodbury Common Premium Outlets

2:27
How to protect spring plants from frost and freeze

How to protect spring plants from frost and freeze