For many years there had been negotiations, which broke off in 2005, with the
St. Regis Mohawks and
Park Place Entertainment to develop an on-site casino. Kutsher's sent a letter to its long-time guests in November 2007 informing them there would be no availability for the coming summer, and Kutsher's would be closed for renovations. In late winter, early spring 2008, the Kutsher family entered into an option agreement with Louis Cappelli of Westchester County, New York to bring management changes and ownership of the hotel. The sale was not finalized, but renovations were carried out, and the establishment was re-opened as 'The New Kutsher's Resort & Spa'. Kutsher's hosted the 2008, 2009 and 2010 U.S. edition of the
All Tomorrow's Parties festival. It also served as the location for the annual district convention for New York's
Kiwanis International and associated organizations.Helen Kutsher died in Philadelphia, Pennsylvania on March 19, 2013. Kutsher's closed in 2013. The property was sold to Veria Lifestyle, a company owned by Indian billionaire
Subhash Chandra, for $8.8million. The new owners started to demolish the hotel. During the demolition asbestos was encountered, delaying further work. Leaving part of the building there, the developers constructed a health and wellness destination based on the Indian discipline of
yoga in another location. The resort was to include 131 rooms. In June 2018, the YO1 Luxury Nature Cure, a six-story wellness resort, opened on another site. ==Legacy==