Gurney’s expands, purchases the Montauk Yacht Club

Gurney’s is officially the biggest name in the hotel business on the East End of Long Island after its purchase of the Montauk Yacht Cub Resort & Marina last week, reports the New York Post and Behind the Hedges. The price paid for the Yacht Club has not been revealed, but the Post mentioned in its original report that it is rumored to have closed near $60 million.

The Montauk Yacht Club Resort & Marina will be soon renamed to hold the Gurney’s name, officially as Gurney’s Montauk Yacht Club & Resort.

The waterfront property is expected to close down this winter for $13 million of upgrades to be put into the 107 guest rooms, the ballroom, the meeting rooms, its three restaurants, and the rest of the property including the marina. This is after the Yacht Club underwent a $4 million update last winter.

Gurney’s owner, George Filopoulos, commented on the purchase, writing:

The Montauk Yacht Club is respected in the Hamptons as much as in the yachting community. We’re looking forward to elevating the property and its offerings for weddings, groups, and leisure guests, and to now creating opportunities for our guests between our resort and marina destinations in Montauk and Newport.

Sited on 35 acres of waterfront land, the new addition to Gurney’s features 2,000 feet of private beach. They’ve also hired LDV Hospitality to give the menu a new boost, and they’re expected to host fashion, lifestyle, and wellness pop-up shops.

Below are renderings of what the interiors at the Yacht Club Restaurant Bar will look like post-renovation.

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• Gurney’s nearing deal to buy Montauk yacht club [New York Post]
• Gurney’s Resorts buys another property in Montauk [New York Post]
• Gurney’s Buys the Montauk Yacht Club [Behind the Hedges]