Robert J. Carroll, a prominent Edgartown businessman, has sold all of his interest in the Kelley House and the Harbor View Hotel to Robert Welch and Stephen C.
Harbor View Undertakes
Next Improvement Phase
In the second phase of a $77 million multi-year renovation plan for the historic Harbor View Hotel and Resort in Edgartown, the Harbor View, the Coach House restaurant and the Carlos Fuente Club House closed Oct. 21.
All hotel, restaurant and catering operations have shifted to the Kelley House and The Newes from America pub until the improvements are completed. Renovations are scheduled for completion by late next spring.
Edgartown’s venerable landmark hotel, the Harbor View Hotel, will close later this month for extensive renovations, probably not to reopen until late spring next year.
Work on the kitchen, restaurant and rooms is expected to cost around $25 million and be done by May. It is the first phase of a two-year, $77 million project to refurbish and expand the hotel, which first opened in 1891.
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.
There's nothing like a deadline to keep a project rolling full
steam ahead. In this case, the deadline is a mother in law's
visit. The project to be finished in time for one of the
Vineyard's busiest weekends is phase one of a three year, $77
million plan to restore and enhance the former Harbor View Hotel on
North Water street in Edgartown.
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.
