Gurney’s $56.7M Deal For Montauk Yacht Club - 27 East

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Gurney’s $56.7M Deal For Montauk Yacht Club

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author on Jun 18, 2018

The deal to acquire what may be the largest marina on the East End was made for more than $56.7 million when Gurney’s Resorts signed a check to buy Montauk Yacht Club & Resort, according to real estate transfer data from The Real Estate Report Inc.

Now called Gurney’s Montauk Yacht Club & Resort, the popular spot on the end of Long Island’s fish tail is actually three properties purchased and transferred separately: 32 Star Island Road for $46.8 million, 88 South Elmwood Avenue for $6.95 million, and 379 West Lake Drive for $2.95 million.

According to a press release sent out in May from George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management—who are also owners of the nearby Gurney’s Montauk Resort & Seawater Spa, and are leading the transition of the property—the resort will operate through the summer months.

“We’re looking forward to elevating the property and its offerings for weddings, groups, and leisure guests, and to now creating opportunities for our guests between our resort and marina destinations in Montauk,” Mr. Filopoulos said in May’s press release. The yacht club will close down after the summer season for renovations, including upgrades to the 107 guest rooms, ballroom, meetings rooms, three restaurants and 35-acre marina and grounds. The $13 million project is expected to be complete in time for the 2019 season.

The long-favored restaurant Coast Kitchen was closed and temporarily rebranded into 32 Star. It featured a limited menu with clambake-style, and surf-and-turf cuisine.

In June, Gurney’s released its new menu for the yacht club.

A spokesperson from LDV Hospitality, which has partnered with Gurney’s before to plan menus for The Beach Club of Montauk and Scarpetta, said the company is also charged with crafting the new location’s Italian food and beverage offerings. That responsibility falls on Chef Paolo Dorigato, of Dolce Italian in Miami. Chef Chris Jaeckle, of Uma Temakeria and founder of Kitchen Connect Consulting, will execute those menus, which have been said to include spicy sriracha lobster rolls and personal pizzas.

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