Point Breeze Hotel to be converted into luxury condos
By Brian-Logan Reid, Broker
The renovation of the historic Point Breeze Hotel will not be returned to a hotel as previously thought, but will essentially be converted into a condo-hotel. There will be 32 private one to two bedroom suites as well as six on-site cottages that will sell for $1 to $3 million. According to a press release, Palm Beach developer Robert “Bob” Matthews notes the need for such a place on Nantucket. “On an island where private clubs enjoy considerable cachet and the demand for private homes far exceeds supply, Point Breeze is destined to become Nantucket’s most celebrated address…For a select few, this will be a rare opportunity to enjoy the island’s ultimate luxury retreat.”
The Point Breeze will still operate as a hotel where people can stay and dine at the restaurant, but the rooms will be owned individually and the luxury amenities - world class spa and salon, fitness center, swimming pool, tennis, wine tasting bar, cigar bar, full service concierge, and underground parking - will be enjoyed by the condo owners and members of the club.
As part of a five hotel/resort project planned by Bob Matthews, the other locations that are being developed besides Nantucket include Aspen, CO, Stowe, VT, Palm Beach, FL, and a 600-acre island in the Bahamas and club members will have reciprical access to the other resort locations’s amenities once the project is fully developed.
For more information, check out The Point Breeze website, or the Nantucket Independent article
May 31st, 2007 at 1:03 pm
Great piece. Thanks!