Robert J. Carroll, a prominent Edgartown businessman, has sold all of his interest in the Kelley House and the Harbor View Hotel to Robert Welch and Stephen C.
A Nantucket-based investment group closed on a deal last week to buy the Harbor View Hotel and Kelley House properties in Edgartown; total sale price was $45.1 million. The sale provided a tidy windfall for the Martha's Vineyard Land Bank, netting the agency just over $900,000 in fees. The sale closed Dec. 20 with four separate transactions. Scout Real Estate Capital LLC purchased the turn-of-the-century Harbor View Hotel for $32.5 million and the Kelley House pub and inn complex for $12.6 million.
The Harbor View Hotel, a shingle-style turn-of-the-century hotel that graces the entrance to the Edgartown harbor at Starbuck's Neck, is set for sale to a Nantucket-based investment group, along with the Kelley House, an 18th century tavern that is now a pub and inn complex spanning Water and Dock streets.
The properties represent a significant piece of downtown real estate in Edgartown, as well as two of the best known resorts on the Vineyard.
The historic Harbor View and Kelley House hotels in Edgartown were sold at public auction this week to First Winthrop Corp., a Boston real estate company which owns 160 commercial properties on Nantucket. Purchase price was $12,305,000.
