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Three Southhampton Hotels To Be Sold

7/28/2010 9:54:09 AM/ Massey Knakal/ Listings

Massey Knakal Realty Services has been retained on an exclusive basis to market three boutique luxury hotels in Southampton. The sale of the properties is subject to a bankruptcy court order. The Atlantic, The Bentley and The Capri hotels contain a total of 132 rooms, representing approximately 43 percent of the Southampton hospitality market.

The Capri was formerly home to the popular nightclub the Pink Elephant which will be delivered vacant. The properties span almost ten acres along Route 27, the major thoroughfare and primary access road in the Hamptons. These properties cater to a wealthy, sophisticated, celebrity and professional clientele in addition to servicing families, photo shoots, corporate sponsors, movie premieres, weddings, fundraisers, social events and high end contractors who book for extended periods of time.

“We are extremely enthusiastic about the reception that these outstanding properties will get in the marketplace,” stated Robert Knakal, Chairman of Massey Knakal, who is leading the marketing campaign for the properties. “We anticipate that each property will be sold separately as they each have unique characteristics, however, the seller will also consider offers for the entire portfolio,” Mr. Knakal added.

A bankruptcy court sale is scheduled for September however, stalking horse bids will also be considered for the properties.

Click here for press release