It is Sunday morning and Bob Carroll and Eugene (Geno) Courtney are sitting in Mr. Carroll’s penthouse apartment at the top of the Harbor View Hotel in Edgartown.
On Monday this week the Edgartown selectmen approved a liquor license transfer for the Kelley House, which includes the Newes from America, a pub at the corner of Kelley and North Water streets.
A Nantucket-based investment group closed on a deal last week to buy the Harbor View Hotel and Kelley House properties in Edgartown; total sale price was $45.1 million. The sale provided a tidy windfall for the Martha's Vineyard Land Bank, netting the agency just over $900,000 in fees. The sale closed Dec. 20 with four separate transactions. Scout Real Estate Capital LLC purchased the turn-of-the-century Harbor View Hotel for $32.5 million and the Kelley House pub and inn complex for $12.6 million.
The Harbor View Hotel, a shingle-style turn-of-the-century hotel that graces the entrance to the Edgartown harbor at Starbuck's Neck, is set for sale to a Nantucket-based investment group, along with the Kelley House, an 18th century tavern that is now a pub and inn complex spanning Water and Dock streets.
The properties represent a significant piece of downtown real estate in Edgartown, as well as two of the best known resorts on the Vineyard.