Description
The Property sits in one of the highest barrier-to-entry markets in the country with perpetually zero competitive new supply in the Hamptons given strict in-place entitlement governance and land scarcity. The Property is positioned well to take advantage of continued pent-up leisure demand as the lodging industry recovers post-COVID. Diverse income streams from multiple demand generators including traditional hotel rooms, strong food & beverage offerings and other ancillary businesses including private events and group business. The Loan purchaser will have a well-protected basis based on recent sales in the market reaching $1 million per key.
