News: Rhode Island
Posted: May 11, 2018
Tobak of Lila Delman Real Estate sells two inns totaling $2.5 million
Real Estate
Newport, RI Lila Delman Real Estate has sold Newport Blues Inn located at 96 Pelham St. and Black Duck Inn located at 29-31 Pelham St. for a combined price of $2.5 million. Paul Tobak, broker associate, represented the seller and facilitated for the buyer.
“The demand for real estate that can be used by the hospitality industry has increased dramatically,” said Tobak.
The Newport Blues Inn measures 6,269 s/f across four levels, the home has twelve bedrooms, nine full and two half-baths, two fireplaces and a courtyard. The Black Duck Inn offers seven guest rooms and is located within walking distance of Thames St.
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Rhode Island
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