ORANGE COUNTY, N.Y.—With the growth of attractions in Orange County, hotels are in higher demand. The growing business opportunity has drawn new investment to the Middletown–Wallkill area.
Hotel investor and private banker Jim Zhang recently bought the Residence Inn by Marriott Middletown Goshen just off Route 211 in Wallkill, New York.
Zhang says he also has plans to turn the decrepit Fort Knox storage building in downtown Middletown into a new hotel. He has acquired the branding from Hilton to make it a Tapestry Collection by Hilton.
Zhang spoke to The Epoch Times about why he decided to invest in Orange County. He said attractions such as the Woodbury Commons outlet mall, Legoland, and a growing tech investment in the area makes hotels a good investment….