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.
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