Harbor View Hotel Under New Ownership

Harbor View Hotel Under New Ownership

January 12, 2018

Martha’s Vineyard – The Harbor View Hotel in Edgartown has been sold to Upland Capital Corporation, a Boston-based asset management and real estate investment firm founded by Edgartown seasonal resident Bernard Chiu.

The purchase price has not been disclosed.  However, according to town records, the assessed value of the hotel and associated condominium properties is $24.2 million and the 2006 purchase price for the hotel was $32.5 million.

The hotel last changed hands in 2006, when it was sold to Scout Real Estate Capital LLC, a Nantucket-based investor group which will continue to act as the hotel’s management company.

To view the full story in the Vineyard Gazette click here>

 

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