Chatham Bars sells for $166 mn
Laptop Battery Capital Properties has purchased the historic Chatham Bars Inn
on Cape Cod.
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Thinkpad Per the agreement signed with Great American Life Insurance
Company, a Cincinnati-based insurance and financial holding company
and the property's former owner, the final sale price stood at $166
million.
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Microsoft The transaction marks the first venture into hospitality real
estate for Capital Properties and represents a unique
investment opportunity for the
company to acquire an irreplaceable asset with both short and
long term promise.
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Laptop Computers Capital's intentions for the charming oceanfront property
involve its development into a premier, five-star resort through
extensive renovations and the institution of impeccable customer
service standards.
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Laptop Computer "This year-round landmark resort holds a lot of personal
significance for me," said Richard Cohen, founder and President of
Capital Properties. "I grew up in Brookline, Massachusetts and
continue to maintain offices in Boston, so my ties to the East
Coast remain strong, as does my commitment to maintaining the charm
and integrity of this historic gem. But I also look forward to
developing its amenities and service standards to the level of a
fine five-star resort. My primary rationale for the purchase was
the property's potential for this kind of expansion."
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Desktop Computer Over the next year, Capital Properties will oversee a series of
extensive renovations on the property, extending from major
additions to the smallest comfort detail.
Notebooks While retaining the services of the current management team to
ensure a seamless transition to the new ownership, a concerted
effort will be launched to refine all aspects of the resort's
service standards and luxury amenities, elevating them to the most
superior level.
Lenovo Some of the more immediate upcoming changes include the opening
of a full-service Spa, featuring 12 new spa suites with private
access to the facility.
Hard Drive The Spa will be open year-round and offer tailor-made packages
for groups and
events.
Travelstar Another exciting addition is the Beach House Bar & Grill,
with gourmet, alfresco dining on the Atlantic Ocean.
Gateway A noted Historic Hotel of America and a member property of
Leading Hotels of the World, Chatham Bars Inn is New England's
celebrated oceanfront resort and a classic Cape Cod landmark.
Laptop Parts Consistently maintained and updated since its initial
construction in 1914, the historic Main Inn sits gracefully atop a
seaside bluff, offering spectacular views of Pleasant Bay and the
Atlantic.
Software Two hundred and seventeen distinctively appointed guestrooms
occupy this main building, including 68 sumptuous suites, each
designed to preserve an elegant
turn-of-the-century ambience.
Hard Drives Nestled throughout the property's 25 acres of lush landscaped
grounds bordered by meandering beaches are 34 quaint Cape-style
cottages offering guests an exceptional level of privacy and
housing luxurious guestrooms and master suites.
Electronics Renowned as an ultimate, year-round getaway, the Inn offers a
variety of meeting and banquet facilities ideal for lavish
destination weddings or other special events, as well as extensive
conference space equipped with state-of-the-art audio visual
technology. Celebrated local caterers and professional event
planners wrap up every necessary detail.
Canon Dining possibilities abound at Chatham Bars Inn, affording
guests a rich selection of culinary adventures - from the lively
milieu of the upcoming Beach House Grill or the customized meals of
the Chef's Table and Wine Cellar to the more traditional ambience
of the Main Dining Room's ocean views or The Tavern's intimate
fireside tables.
Desktop Pc The Inn's quarter-mile private beach is set with umbrellas and
cabanas; the perfect spot for guests to soak up the Atlantic sun
and surf.
Desktop Computers Meanwhile, an abundance of area activities include such popular
Cape activities as golf, tennis, fishing and water sports.
Think Pad Among the array of family programs available at the Inn, the
award-winning children's programs are unparalleled.
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