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New York & Tri-State  + Tri-State  + Hospitality  | 

Beach Resort in Montauk Trades to Bridgeton Holdings

HFF has arranged the sale of Atlantic Terrace, a 96-room, full-service beach resort located in Montauk, NY, on behalf of a private seller for an undisclosed sum. The buyer was Atit Jariwala’s Bridgeton Holdings, a boutique operator that owns and operates a number of hotels throughout the country, and which will also manage the property.

Atlantic Terrace sits on more than 100,000 square feet of oceanside land at 21 Oceanview Terr. in Montauk, a year-round destination at the tip of Long Island’s South Fork peninsula, approximately 100 miles from New York City. The family-owned hotel is in a high-barrier-to-entry area, within walking distance to Montauk Plaza Village and proximity to numerous restaurants, bars and nightlife.

The HFF investment advisory team representing the seller included senior director KC Patel; senior managing director and head of HFF’s hotel group Daniel C. Peek; and executive managing director Manuel de Zárraga.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).