Three bankrupt Hamptons hotels on sale

New York /
Jul.July 28, 2010 08:30 AM

The Capri hotel

Three high-profile Southampton hotels are officially back on the market
and are seeking bids prior to A Scheduled Bankruptcy Court sale in
September, Massey Knakal Realty Services announced. The firm said it
would consider offers for the three properties, the Atlantic, the
Bentley and the Capri — the former home of popular nightclub the Pink
Elephant — both individually and as a portfolio. The hotels first went on the market in 2008,
but Hamptons Resorts & Hotels, which operates the properties, filed
for bankruptcy protection last month. At the time, the Post reported
that Giuseppi Tuosto of restaurant group Via Dei Mille had signed a
contract to buy the Capri for an undisclosed sum. Tuosto hoped to turn
the Capri into a restaurant beach club and to ultimately buy all three
hotels, he said. They contain a total of 132 guest rooms — or around
43 percent of Southampton’s hotel market and occupy nearly 10 acres
along primary Hamptons access road Route 27. TRD

 

Related Articles

arrow_forward_ios
Barstool Sports founder Dave Portnoy (Getty)
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
East Hampton Moves to Limit Access to its Airport (iStock, Wikipedia, Illustration by Kevin Cifuentes for The Real Deal)
East Hampton Airport to limit access from noisy aircraft
East Hampton Airport to limit access from noisy aircraft
These 10 deals led the Hamptons market boom in 2021
These 10 deals led the Hamptons market boom in 2021
These 10 deals led the Hamptons market boom in 2021
271 Marine Boulevard and an aerial view of the two properties (Sotheby's, Google Maps)
Two Hamptons homes packaged into one asking $35M
Two Hamptons homes packaged into one asking $35M
313 Three Mile Harbor Road in East Hampton (Out East)
Hedge funder Heath Freeman buys East Hampton restaurant for $4M
Hedge funder Heath Freeman buys East Hampton restaurant for $4M
100 Trewlaney Road in Bridgehampton (Zillow)
Bridgehampton home flipped for $1M profit in 4 weeks
Bridgehampton home flipped for $1M profit in 4 weeks
442 Further Lane in East Hampton and Peloton CEO John Foley (Out East, Getty)
Peloton CEO is buyer of $55M East Hampton estate
Peloton CEO is buyer of $55M East Hampton estate
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...