Clarion Nantasket Beach Hotel in Hull has a new owner
Heritage Companies Inc. of Quincy reportedly sold the 109-room hotel recently to Nantasket Resort Inc., for $11.8 million. The current assessed value of the property is $8.8 million, according to the town assessor's office.
The Clarion Nantasket Beach Hotel has a new owner.
Heritage Companies Inc. of Quincy reportedly sold the 109-room hotel recently to Nantasket Resort Inc., for $11.8 million.
The current assessed value of the property is $8.8 million, according to the town assessor's office.
The new manager of the Clarion is scheduled to meet with selectmen Tuesday regarding the licenses the business holds.
Neither developer Fred Kiley, who built the hotel and owned it, nor his sister, Barbara Kiley, who served as general manager, could be reached for comment Sunday about the sale.
The hotel was a franchise of Choice Hotels, which also owns Comfort Inns and Quality Inns.
The Clarion opened in 2001 at the site of the former Vogue nightclub on Nantasket Beach.
The building had fallen into disrepair ever since Vogue closed in 1988.
In 2000, Fred Kiley had proposed building 88 condominiums on the site, but town meeting rejected the plan.
He returned eight months later and was able to get approval from voters for a luxury hotel/apartment complex.
Because the area wasn't zoned for hotels, Kiley needed a special permit from the planning board to build on the 2-acre site at the southern end of Nantasket Beach, between Hull Shore Drive and Nantasket Avenue.
The complex also includes 30 condominiums. Heritage owned one of the units that was also sold to Nantasket Resort. The other 29 units are in private hands.
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