KSL Capital Partners eyes $100M deal for Marram Montauk
KSL Capital Partners hopes to score a tidy profit with a sale of a prominent Montauk hotel. The Denver-based investor is marketing the Marram Montauk at 21 Oceanview Terrace, Bloomberg reported, tapping Eastdil Secured Savills to lead the process. An asking price wasn’t disclosed, but KSL is reportedly seeking around $100 million for the property, or more than $1 million per room. Four years ago, KSL bought the 96-key property for $78.5 million, or $820,000 per key, from Bridgeton Holdings. Bridgeton listed the resort, along with the 25-key Journey East Hampton at 490 Pantigo Road, the year prior; the Journey […]
This article originally appeared on The Real Deal. Click here to read the full story.
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