The Real Deal New York

Boutique hotels are flourishing on Long Island’s East End

New York investors are moving in and bidding up prices

March 31, 2016 11:35AM
By Judith Messina

Chequit

The Chequit on Shelter Island

From the Long Island Market Report: While the country’s hospitality market has started to cool, developers are betting there is still room on Long Island’s East End for upscale boutique hotel conversions.

Two months ago, New York-based Eagle Point Hotel Partners bought the family-owned Sound View Inn in Greenport aiming to do a makeover of the 45-room hotel.

Ian Reisner and Mati Weiderpass, the owners of Manhattan’s Out NYC Hotel, nabbed a commercial strip in Fire Island last year with plans to work their boutique magic on one of its properties, the Botel Fire Island Pines hotel. [more]

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