Conklin selling American Hotel, two homes in Sag Harbor

American Hotel owner Ted Conklin has officially put his two Sag Harbor
homes on the market for about $10 million, according to the New York
Post. Conklin’s historic Sag Harbor hotel — once frequented by Billy
Joel — is expected to go on the market next, for no less than $25
million. Sources told the Post that Conklin has decamped to East
Hampton and Palm Beach, where his new wife, Carol Simmons, lives.
Conklin’s ex-wife, broker Tara Newman of Saunders Associates, who holds
the highest sale record for Sag Harbor, called the house offerings a
“unique opportunity.” [Post]