This beach getaway just became the costliest purchase in Hamptons history.
Recently released documents reveal that the international marina company paid a record $149.4 million for the Montauk Yacht Club.
The hotel, aside from the sky-high purchase price, is known for its elegant rooms and views of the Block Island Strait.
The 107-room resort was bought by Safe Harbor Marinas – owner of the world’s largest yachting chain – from previous owner Gurney’s, an outlet Behind the hedgerows was first reported.
The record sale took place last 12 months, but the value was previously unknown and only got here to light after related Suffolk County deed transfers were made available this week.
Previously, the title of biggest sale within the Hamptons belonged to Marram Montauk, an oceanfront hotel that was purchased for $77.5 million in 2022.
According to publication 27East, the Yacht Club’s final sale price represents a 157% increase over what the club achieved during its last sale in 2018 for $56.7 million to Gurney’s.
Earlier, in 2007, it cost $34 million.
During its ownership, Gurney’s invested $13 million within the eight-unit complex and renamed it Gurney’s Star Island Resort & Marina.
After being sold last 12 months, Safe Harbor Marinas modified its name back to Montauk Yacht Club.
The 95-year-old lodgings have offered residents a respite on their a part of Star Island since 1928, when Montauk developer Carl Fisher built the business.
Before becoming a public inn, it was a non-public club that included members of the Vanderbilt, Astor, and Whitney families. Spotted behind hedges your history.
Amenities available to guests include three swimming pools, two restaurants, a non-public beach, tennis and tennis courts, and over 200 boat slips.
