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New York

East Hampton hotel sells for $5M

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After renovating the 1.1-acre property at 490 Pantigo Road under a lease agreement, Manhattan-based Bridgeton Holdings went all-in with the $5-million-dollar purchase of the hotel they christened as Journey East Hampton. It was formerly known as the Inn at East Hampton. Inbar Mitzman, Lisa Ferraro and Dana Forbes of Daniel Gale Sotheby’s International Realty represented both sides of the deal, Long Island Business News reported. With 22 rooms and 3 cottages, the hotel now rents suites for an average of $750 on a weekday night. [LIBN]

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