marina group buys montauk yacht club from gurneys

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Marina Group Buys Montauk Yacht Club From Gurneys

The Montauk Yacht Club will again be known by its traditional name, after the international marina giant Safe Harbor purchased the property from Gurneys Resorts recently.

The new owners of the Montauk Yacht Club plan to dock two "floating suites" at the marina for those seeking more than just a view of Lake Montauk from their resort accommodations.

The Montauk Yacht Club, one of the easternmost hamlet’s oldest establishments, is once again a place.

A spokesperson for the giant marina company Safe Harbor confirmed this week that the group purchased the century-old yacht club from Gurney’s Resorts last July and will reestablish the name as the Montauk Yacht Club when they reopen in April 2023.

Since 2018, the yacht club had been known as Gurney’s Star Island Resort & Marina, after the investors who purchased the former Gurney’s Inn in 2013 bought the 35-acre property and invested a reported $13 million in refurbishing the 107 hotel rooms.

With 219 slips capable of accommodating vessels up to 300 feet, the Montauk Yacht Club is the largest marina in the harbor.

Safe Harbor owns more than 130 marinas across the United States and in Puerto Rico — the largest dedicated marina owner and operator in the world, the company says.

“The Montauk Yacht Club will be about connecting people by water,” a spokesperson said. “Whether its paddleboarding across the harbor or chartering a boat or the concierge reservations for destinations, it will be about the connection to the water.”

For those who desire a visceral connection to the water, the new operators plan to offer a new amenity this summer: a “Safe Harbor Water Suite.” A luxury floating suite moored at a slip at the marina will give guests for whom a simple water view from their hotel room is not quite enough, a much more tangible connection.

Safe Harbor will offer electric boats for charter and will handle bookings of destination visits by boat to hot spots like the restaurants in Greenport and Shelter Island or sunset cruises to Duryea’s.

The company is making some minor changes at the property this winter, like installing a retractable roof over the yacht club’s indoor pool and converting some tennis courts to pickleball courts.

Other things are staying the same. The restaurants — Showfish, Il Forno and Pool Club — will remain for the 2023 summer season, the company says.

The company says it is also dedicated to improving employee housing, supporting local charities and events throughout the hamlet and steering its guests and customers to other local businesses and wares.

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This waterfront getaway just became the most expensive purchase in Hamptons history.

Documents freshly made public reveal that an international marina company paid a record-breaking amount of $149.4 million for the Montauk Yacht Club.

The hotel, beyond its sky-high purchase price, is known for its posh accommodations and Block Island Sound views.

The 107-room resort was bought by Safe Harbor Marinas — owner of the biggest boating network in the world — from the former owner, Gurney’s, the outlet Behind the Hedges first reported .

The record sale took place last year, but the price tag was previously unknown and only just came to light after related Suffolk County deed transfers became available this week.

Previously, the title of largest Hamptons sale was held by the Marram Montauk, an oceanfront hotel which was bought for $77.5 million in 2022.

The Yacht Club’s final sale price represents a 157% increase from what the club commanded when it last sold, in 2018, for $56.7 million to Gurney’s, according to the publication 27East.

Before that, in 2007, it went for $34 million.

During its ownership, Gurney’s put $13 million into the eight-lot compound and changed its name to Gurney’s Star Island Resort & Marina.

Following the sale last year, Safe Harbor Marinas changed the name back to Montauk Yacht Club.

The 95-year-old lodgings have been offering locals respite on their portion of Star Island since 1928, when Montauk developer Carl Fisher built the business.

Before it was a public inn it was a private club, with members of the Vanderbilt, Astor and Whitney families included in its roster of original members, Behind the Hedges noted of its history.

Amenities available to guests include three pools, two restaurants, a private beach, tennis and pickleball courts, and over 200 boat slips.

Gurney’s Buys the Montauk Yacht Club

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Built by Carl Fisher in 1929, the Montauk Yacht Club was an exclusive, private club for the likes of the Chryslers, Astors, Vanderbilts, and Fords. Back in the day, Charles Lindbergh used to land his seaplane in Lake Montauk and moor it at the club. Nearly 90 years later, Gurney’s Resorts is adding a second property in Montauk with its acquisition of Gurney’s Montauk Yacht Club & Resort–we can expect much of that prewar glamour to return.

What’s in store for the resort? Immediately, better food and beverage service led by LDV Hospitality (which is known especially in the Hamptons for Scarpetta Beach). And as the largest marina in the Hamptons (who knew?) the Yacht Club plans to deliver a full-service experience to the boating community. The property will close this winter for a $13 million upgrade to its 107 guestrooms, ballroom, meeting rooms, three restaurants, and 35-acre marina and grounds, complete in time for the 2019 season. Considering how gorgeous the revamped Gurney’s Montauk Resort & Spa looks now, we’ll be excited to see the new yacht club next year.

President and Owner of Gurney’s Resorts George Filopoulos told Behind the Hedges , “The Montauk Yacht Club is an iconic property in the Hamptons, and its marina location creates a prime spot for boaters and yachters, allowing us to extend the Gurney’s experience to a broader audience. Although the property completed a $4,000,000 refresh over the winter, our further planned upgrades will ensure that the Yacht Club experience is consistent with the Gurney’s brand ethos, including innovative design, service, ambiance and food and beverage.”

While we’re in a Gurney’s groove, the original Gurney’s is debuting a completely new design of its famous Beach Club (gone are the yellow and white stripes!) this summer on its 2,000 ft private beach (see below). Additionally, the summer will welcome fashion and lifestyle pop-ups with The Fashion Collective at Gurney’s, wellness pop-ups and retreats from the hottest names in fitness, and a partnership with infrared sauna Higher Dose.

As lifelong Montauk people, we’re just so delighted that these local institutions are getting world-class upgrades. See you there this summer!

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Return of Montauk Yacht Club

In July of 2022, Safe Harbor Marinas acquired Gurney’s Star Island Resort & Marina in Montauk, NY. After nine months of investment and preparation, the company announces the official return of the storied Montauk Yacht Club.

The reimagined landmark on a peninsula in the middle of Lake Montauk has begun welcoming guests to world-class waterfront hospitality that combines luxury, adventure, and connection to the water.

“The history of Montauk Yacht Club is as rich as the location is stunning. Our teammates in Montauk and throughout the country have been working to prepare for this moment. It is our great honor and joy to bring the Montauk Yacht Club back to Long Island, to her many patrons, and to our tens of thousands of boating families in the region,” said Baxter Underwood, CEO of Safe Harbor Marinas.

First introduced in 1928, the storied destination has received extensive renovations to breathe new life into its extraordinary spaces. On its 35 acres, the property has 107 stylish guest rooms, 3 pools, 2 exquisite restaurants, indoor and outdoor bars, tennis & pickleball courts, a private beach, and more than 200 wet slips that can accommodate boats up to 300 feet in length. This irreplaceable location is the ultimate getaway to the islands and cultural icons that flourish at the eastern end of Long Island.

“We are eager to introduce luxury waterfront hospitality to the world at this incredible property.” said Regional Managing Director, Alton Chun. “It’s about world class cuisine and music next to private, sandy beaches on still and glistening waters; and limitless adventures just beyond.”

About Montauk Yacht Club

Montauk Yacht Club is an iconic luxury waterfront resort and marina. For more, please visit: https://montaukyachtclub.com .

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Gurney’s expands, purchases the Montauk Yacht Club

Gurney’s is now the largest name in the hotel business on the East End

Gurney’s is officially the biggest name in the hotel business on the East End of Long Island after its purchase of the Montauk Yacht Cub Resort & Marina last week, reports the New York Post and Behind the Hedges . The price paid for the Yacht Club has not been revealed, but the Post mentioned in its original report that it is rumored to have closed near $60 million.

The Montauk Yacht Club Resort & Marina will be soon renamed to hold the Gurney’s name, officially as Gurney’s Montauk Yacht Club & Resort.

The waterfront property is expected to close down this winter for $13 million of upgrades to be put into the 107 guest rooms, the ballroom, the meeting rooms, its three restaurants, and the rest of the property including the marina. This is after the Yacht Club underwent a $4 million update last winter.

Gurney’s owner, George Filopoulos, commented on the purchase, writing:

The Montauk Yacht Club is respected in the Hamptons as much as in the yachting community. 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 and Newport.

Sited on 35 acres of waterfront land, the new addition to Gurney’s features 2,000 feet of private beach. They’ve also hired LDV Hospitality to give the menu a new boost, and they’re expected to host fashion, lifestyle, and wellness pop-up shops.

Officially joining the Gurney’s family. Gurney’s Resorts is looking for multiple positions based in Montauk including: Area Director of Food & Beverage, Restaurant Manager, Sommelier, Sous Chef, Conference Services Manager, Chef De Cuisine, Restaurant Manager and Line Cooks. Send resumes to [email protected] to apply. #gonetogurneys Photo | @mackiddowntownhouston A post shared by Montauk Yacht Club (@montaukyacht) on May 4, 2018 at 3:59pm PDT

Below are renderings of what the interiors at the Yacht Club Restaurant Bar will look like post-renovation.

For tips and corrections, please email [email protected]

Gurney’s nearing deal to buy Montauk yacht club [New York Post]
Gurney’s Resorts buys another property in Montauk [New York Post]
Gurney’s Buys the Montauk Yacht Club [Behind the Hedges]

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Gurney’s Resorts owners buy Montauk Yacht Club ahead of $13M upgrade

George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management, owners of Gurney’s Montauk Resort & Seawater Spa bought the Montauk Yacht Club for an undisclosed price. The largest marina in the Hamptons is set to close this winter to undergo a $13 million upgrade. The Gurney’s team will lead the transition. MEI Hospitality will run and promote the yacht club, as its done for the other Gurney’s properties. [27East]

Gurney’s Owners Buy Montauk Yacht Club

The Montauk Yacht Club is the most recent addition to the growing Gurney's properties. Guests at the Montauk oceanfront resort will be able to take hourly shuttles between locations.

The owners of Gurney’s Montauk Resort and Seawater Spa have purchased the Montauk Yacht Club Resort and Marina and plan to spend approximately $13 million to upgrade the property, which they will rename Gurney’s Montauk Yacht Club and Resort. The amount of the sale was not disclosed.

In a press release issued on May 7, George Filopolous, the founder of Metrovest Equities and the president and co-owner of Gurney’s, said that he was looking forward to elevating the accommodations at the yacht club.

Since 2007, the yacht club — which features 107 guest rooms, meeting rooms, a ballroom, three restaurants, and 35 acres of marina and grounds — had been owned by an affiliate of Island Capital Group L.L.C., a real estate investment firm led by Andrew Farkas. “We have had the privilege of being associated with the Montauk Yacht Club for 11 years,” said Mr. Farkas, in a statement announcing the sale.

Mr. Filopolous and his business partner, Lloyd Goldman of BLDG Management, purchased Gurney’s in 2013. In 2015, they bought a neighboring property, the Panoramic View Resort, and transformed it into the Gurney’s Residences, a condominium development. They also opened a Gurney’s resort in Newport, R.I., last year. The duo plan to oversee the transition of the yacht club, which will close this winter to undergo propertywide renovations and reopen in time for the 2019 season.

Immediate upgrades planned for the resort include handing over the food and beverage service to LDV Hospitality, the firm that owns the Scarpetta restaurants and other high-end eateries. A Scarpetta outpost is also located at Gurney’s Resort on Old Montauk Highway.

The Commercial Observer reported on Thursday that the purchase was made possible by a $56 million loan from Acore Capital.

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COMMENTS

Marina Group Buys Montauk Yacht Club From Gurneys
A spokesperson for the giant marina company Safe Harbor confirmed this week that the group purchased the century-old yacht club from Gurney’s Resorts last July and will reestablish the...
Montauk Yacht Club sells for a Hamptons record of $149.4M
The 107-room resort was bought by Safe Harbor Marinas — owner of the biggest boating network in the world — from the former owner, Gurney’s, the outlet Behind the Hedges first reported.
Montauk Yacht Club Trade Most Expensive in Hamptons History
Safe Harbor Marinas spent $149 million to buy the Montauk Yacht Club from Gurney’s, Behind the Hedges reported. The acquisition was last year, but the price had not been previously...
Gurney’s Buys the Montauk Yacht Club | Behind The Hedges
Gurney's Resorts is adding a second property in Montauk: it's buying the venerable Montauk Yacht Club Resort & Marina. Built by Carl Fisher in 1929, the Montauk Yacht Club was an exclusive, private club for the likes of the Chryslers, Astors, Vanderbilts, and Fords.
Gurney’s spent $56.7M on the Montauk Yacht Club acquisition
Gurney’s forked over nearly $56.7 million to buy the Montauk Yacht Club and effectively cobble together one of the largest marinas on the East End, new records show.
Return of Montauk Yacht Club - Long Island Business
In July of 2022, Safe Harbor Marinas acquired Gurney’s Star Island Resort & Marina in Montauk, NY. After nine months of investment and preparation, the company announces the official return of the storied Montauk Yacht Club.
Gurney’s expands, purchases the Montauk Yacht Club
Gurney’s is officially the biggest name in the hotel business on the East End of Long Island after its purchase of the Montauk Yacht Cub Resort & Marina last week, reports the New York Post and...
Gurney’s Resorts owners buy Montauk Yacht Club ahead of $13M ...
George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management, owners of Gurney’s Montauk Resort & Seawater Spa bought the Montauk Yacht Club for an undisclosed price. The...
Safe Harbor Marinas Launches Montauk Yacht Club Following ...
In July of 2022, Safe Harbor Marinas acquired Gurney's Star Island Resort & Marina in Montauk, NY. After nine months of investment and preparation, the company announces the official return of...
Gurney’s Owners Buy Montauk Yacht Club | The East Hampton Star
The owners of Gurney’s Montauk Resort and Seawater Spa have purchased the Montauk Yacht Club Resort and Marina and plan to spend approximately $13 million to upgrade the property, which they...