HomeMy WebLinkAboutProperty Sale Notification 11/3/21 Davenport sells Red Jacket Resorts ro erties
p p
3egory Bryant we thank them wholeheartedly for the i
:ape Cod Times / __„�,.x'' -f a
ISA TODAY NETWORK � � V� � -�'- �� ,`� ` r decades of service that made us who we �
.1 . ' r. are, said DeWitt Davenport, CEO of i
The Davenport Companies, which has
SOUTH YARMOUTH — The Daven- r, owned Red Jacket Resorts since its cre-
>ort Companies of South Yarmouth an- d � red jacket ation.
>ounced the sale of its Red Jacket Re- -�-g ° �� 5' `.''''z -F` `°�� �
�., � �-� ��,� t � � The decision to sell its Red Jacket Re-
orts, with five properties on Cape Cod T` �,kk it: °' A sorts portfolio "was made after a care-
nd one in New Hampshire,to affiliates A � � `°
# fully thought-out process that ensures
f EOS Investors LLC. h k - the continued success of the popular
The sale price was not disclosed in a j ,`` Red Jacket brand," Davenport said in
lease from Davenport on Tuesday. ;,., the statement. "EOS Hospitality has
Sold on the Cape were the 44-room Five properties in the Red Jacket shown a commitment to providing the
lue Rock Golf Resort, 160-room Red portfolio, including the Red Jacket same high-quality resort experience
acket Beach Resort,112-room Blue Wa- Beach Resort in South Yarmouth, have Red Jacket Resort guests have come to
?,r Resort and 125-room Riviera Beach been sold to a New York investment expect for decades."
esort, all in South Yarmouth, and 50- firm.RON SCHLOERB/CAPE COD TIMES On its website, EOS Investors,
)om Green Harbor Resort in West Yar- founded in 2017 by Jonathan Wang and
south, according to the release. based in New York City,describes itself
The Davenport family acquired the Laguna Waterpark was added in 2008 as "a fully integrated investment firm
gmer Birchmont Inn in North Conway, to what is now known as the 161-room dedicated to identifying and creating
ew Hampshire, and began construc- Red Jacket Mountain View Resort. value within the hospitality sector."The
on of the Red Jacket Mountain View "Our team members who make up company looks "for investment oppor-
Iotor Inn in October 1970, the release our family at Red Jacket Resorts have
rid. The 40,000-square-foot Kahuna always been the key to our success,and See SOLD, Page 4A
Associated Press
Sold __
Continued from Page 3A
tions of Blue Water Resort, Riviera
tunities across the United States, pri- Beach Resort and Green Harbor Resort,
manly targeting urban markets and the release said.
select resort destinations" The sale does not include an other
The first property built by the Da-
venport family was the Blue Rock Mo Davenport Companies,the release said.
tor Inn in 1963, now known as Blue The company owns Thirwood Place
Rock Golf Resort, next to Blue Rock senior living in South Yarmouth, Cape
Golf Course, the release said. The Cod Fence Co. on Cape Cod and in Con-
par-3 golf course is not part of the sale. necticut,All-Cape Self-Storage, Daven
Development of Red Jacket Beach port Realty,Davenport Building n C
Resort on South Shore Drive began in ny, ompa-
1968, followed byDavenport acquisi- Davenport Commercial Realty, Da-
P q venport Yearly Rentals,Kingsbury Avia-
tion and Jupiter Apartment Finders,
among others,the release said.
Contact Gregory Bryant at
enyant@capecodonline.com.
4