Boston Realty Advisors retained to sell four building Nantucket Inn Portfolio
August 7, 2014 - Front Section
Boston Realty Advisors (BRA) has been retained to market for sale Nantucket Portfolio. An established and well-known collection of four historic and newly constructed inns located in the epicenter of downtown, just steps from the island's world-class restaurants, boutique shops, and waterfront. The opportunity provides the purchaser the ability to create instant scale and critical mass on the island.
The Nantucket Portfolio consists of four buildings in downtown, amassing 200 feet of frontage on Center St. between Chestnut and India St. The four iconic buildings consist of 60 rooms, 71 beds, prominent restaurant/retail space, and a large courtyard rarely found in the downtown area.
Brandon Tarpey, hospitality advisor for BRA, said, "This is a very rare opportunity to control approximately 6% of the Island's total hospitality inventory"
Jason Weissman, principal and founder of BRA said, " This is really a once an in a life time opportunity to purchase an irreplaceable collection of historic inns in one of the world's most exclusive and desired vacation destinations."
BRA will be conducting tours over the coming weeks for interested parties.
BRA is a privately held commercial brokerage firm based in Boston, Massachusetts. BRA specializes in the sale and leasing of investment and commercial properties throughout New England.