1 Photo
The Village Latch Inn
The historic Village Latch Inn Hotel in Southampton Village officially sold last week for $23 million, the owner’s full ask.
On a property totaling a little more than 5 acres, the estate had been owned by Marta and Martin White for more than 40 years and sat on the market for several years.
Developer George Benedict, the father-in-law of Village Mayor Mark Epley, and his partner, Steven Dubb, went into contract for the property in October. Real estate agent Esther Paster, a member of Douglas Elliman’s commercial division, helped broker the deal.
Located on the north side of Hill Street just a block from Jobs Lane, the main house for the Latch Inn, with its Great Gatsby-like appearance, has 67 rooms. Operating as a hotel since 1901, the estate features seven separate buildings, a pool and a tennis court.
Although two century-old buildings will be restored, condominiums will likely be built on the property.
In October, Mr. Benedict said that “the front two buildings will be restored 100 percent to their natural splendor,” referring to the main house and the Terry Cottage. “It’s in a historic zone, and I want to make sure it stays the way it is.”
Mr. Dubb, with The Beechwood Organization, and Mr. Benedict also worked together on Bishops Pond, a luxury condominium development in the village.
Carey London on Feb 23, 2016