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The historic Maidstone Inn, the East Hampton property with roots relationship again centuries, has been bought.
The patrons are Tilray Manufacturers CEO Irwin Simon and restaurateur Mayank Dwivedi. Publicly traded Tilray Manufacturers is a pharmaceutical, hashish and shopper items conglomerate, which not too long ago acquired Montauk Brewing Firm.
Although the value was not disclosed, actual property sources say it was about $17 million.
The constructing at 207 Fundamental St. that at the moment homes the Maidstone was constructed greater than 180 years in the past, although the property dates again to the 1600s.
The Maidstone has 19 visitor rooms, a 76-seat restaurant and bar. The constructing and separate cottages whole about 11,000 sq. toes on 1.14 acres, in line with public data.
The sellers, Jenny and Jonathan Baker, have owned the Maidstone since 2008 and can retain some continued possession within the property going ahead. The patrons are planning to re-open the Maidstone for the season on Could 15.
Tony Cerio, Mitch Natter and Jared Schiavoni of Brown Harris Stevens represented the patrons, whereas Jonathan Solomon of Luxurious New York Group represented the sellers within the gross sales transaction.
“My agency is thrilled to have been part of the sale of the Maidstone,” Solomon stated. “The resort has a wealthy historical past and is a beloved establishment locally. We’re assured that the brand new house owners will proceed to keep up and improve its legacy.”
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