Blue Flag Expands Hotel Portfolio and Acquires 94 Keys The Beachside in Nantucket

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NANTUCKET, Mass., January 10, 2022– (COMMERCIAL THREAD) – Local real estate company Blue Flag Partners announced its acquisition of The Beachside on Nantucket (“The Beachside”), a 94-key hotel located on North Beach Street in Nantucket, Massachusetts.

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(Photo: Business Wire)

Originally built in 1966, The Beachside encompasses a sprawling 3.5-acre campus in the Brant Point neighborhood of Nantucket and has one of five hotel pools on the island. Given its central location and proximity to Jetties Beach, downtown Nantucket, and the Steamship Authority Nantucket ferry terminal, The Beachside has been a favorite spot for visitors to Nantucket for over 50 years.

The Beachside joins Blue Flag’s growing portfolio of hotels on Nantucket, which currently includes the Faraway Nantucket on Center Street (the former Roberts Collection), Life House, Nantucket on Cliff Road (the former Century House), Summer House in Fair Street, Pineapple Inn on Hussey Street, Hawthorn House on Chestnut Street and the former Star of the Sea Inn on Western Avenue. Blue Flag also owns and is in the process of reinventing a master plan for the Kelley House hotel campus in Edgartown, MA.

“We are honored to be the next Stewards of The Beachside. Karen Keelan has done a tremendous job during her many years at the helm of the property, and we look forward to investing in her future. Our goal is simple, to continue the hotel’s long tradition of providing exceptional hospitality in a prime location between the city and some of Nantucket’s best beaches and restaurants, ”said Jason Brown, Managing Partner of Blue Flag.

Continuing their long-standing partnership, Blue Flag has hired New York-based boutique hotel operator Life House, who will manage the hotel’s day-to-day operations. Together, the duo have built a reputation as caring stewards, striving to balance the historic nature and local impact of each of their hotels, while breathing new life into selected properties through design and to a locally anchored narration.

“We are delighted to extend our partnership with the Blue Flag team with this significant single asset transaction,” said Bryan Dunn, Managing Director of Life House. “With nearly 100 keys, The Beachside is the second largest hotel on the island and signals Life House’s management of white label operations of larger and more complex hotels, having added value to its real estate partners through dozens of smaller assets. “

About the Blue Flag: Blue Flag Partners is a vertically integrated investment, real estate development and branding firm operating in Boston, MA. Blue Flag has built a reputation for acquiring unique residential and hotel assets in high barrier-to-entry markets and currently targets raw land, historic structures, hotels, campgrounds and restaurants. In addition, Blue Flag makes strategic investments in operating companies and related brands. To learn more about the Blue Flag, visit www.blueflagpartners.com.

About the Maison de la Vie: House of Life is a vertically integrated, venture capital-funded, New York-based hotel brand, management and software company. Life House has built a proprietary technology stack to power a platform that makes hotels more transparent and profitable for hotel owners, and travel more meaningful and accessible for travelers. Life House operates a growing portfolio of boutique and lifestyle hotels, with more than 55 projects open or under development in the United States and Mexico. www.life-house.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220110005279/en/

Contacts

Media alert:
Zoey Gulmi
Gulmi Group
[email protected]

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