 |
| Atlantic Terrace deck, Montauk, NY |
 |
| K.C. Patel |
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Atlantic Terrace, a 96-room, full-service beach resort located in Montauk, New York.
The HFF team marketed the hotel on behalf of a private seller. Bridgeton Holdings purchased the property unencumbered of existing management.
The property will be managed by Atit Jariwala’s Bridgeton Holdings, the luxury, boutique hotel operator that owns and operates a number of hotels throughout the country, including The Walker Hotel in Manhattan.
Atlantic Terrace sits on more than 100,000 square feet of oceanside land at 21 Oceanview Terrace in Montauk, which is a year-round destination located at the tip of Long Island’s South Fork peninsula approximately 100 miles from New York City.
 |
| Danil C. Peek |
The family-owned hotel is in a high-barriers-to-entry area within walking distance to Montauk Plaza Village and proximity to numerous restaurants, bars and nightlife.
Additionally, the hotel is a short drive from Ditch Plains Beach, known as the best surf spot on Long Island.
Atlantic Terrace features oceanfront views with direct beach access, a heated outdoor swimming pool, fitness center and a locally-sourced food and beverage outlet serving hot breakfast and lunch options.
The HFF investment advisory team representing the seller included senior director KC Patel and senior managing director and head of HFF’s hotel group Daniel C. Peek and executive managing director Manuel de Zárraga.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.
 |
| Manuel de Zarraga |
HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).
CONTACTS:
KC PATEL
NY Lic. #10401238790
HFF Senior Director
(212) 245-2425
DANIEL C. PEEK
HFF Senior Managing Director
(212) 245-2425
MANUEL DE ZÁRRAGA
HFF Executive Managing Director
(305) 448-1333
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
No comments:
Post a Comment