Blue Flag Expands Portfolio with $38M Buy of The Beachside on Nantucket
Nantucket, MA-based Blue Flag Partners has acquired The Beachside on Nantucket for $38 million. The 1966-constructed, 94-key property sits on North Beach Street in Nantucket.
The Beachside encompasses an 3.5-acre campus in Nantucket’s Brant Point neighborhood and features one of just five hotel pools on the entire island. Its proximity to Jetties Beach, downtown Nantucket and the Steamship Authority Nantucket Ferry Terminal has lured visitors for more than 50 years.
The Beachside joins Blue Flag’s growing portfolio of hotels on Nantucket, which is currently comprised of the Faraway Nantucket; Life House, Nantucket; Summer House at Fair Street; Pineapple Inn; Hawthorn House and the former Star of the Sea Hostel. Blue Flag also owns and is in process of reimagining a master plan for the Kelley House hotel campus in Edgartown, MA.
Blue Flag has hired New York-based boutique hotel operator Life House to manage the day-to-day operations of the hotel.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.