Red Jacket Mountain View Resort sold to New York investment firm
Sale is part of six-property transaction
The Mt. Washington Valley landmark Red Jacket Mountain View Resort, a 150-room hotel property, has been sold by The Davenport Companies, the company that developed it over 50 years ago, to a privately held investment firm based in New York.
The transaction, which was announced Tuesday, also includes five other Davenport properties, the 44-room Blue Rock Golf Resort, 160-room Red Jacket Beach Resort, the 112-room Blue Water Resort and 125-room Riviera Beach Resort, all in South Yarmouth, and 50-room Green Harbor Resort in West Yarmouth. All of the properties come under the Davenport’s Red Jacket Resorts brand.
No sale price was disclosed.
The Davenport family acquired the former Birchmont Inn in North Conway in 1970 and began construction of the Red Jacket Mountain View Motor Inn in October. Today, the Red Jacket Mountain View Resort also includes the 40,000-square-foot Kahuna Laguna Waterpark, which was added to the property in 2008.
The first property built by the Davenport family was in 1963, the Blue Rock Motor Inn in South Yarmouth, now known as Blue Rock Golf Resort. In 1968, development began on Red Jacket Beach Resort on South Shore Drive in South Yarmouth, followed by the acquisitions of Blue Water Resort, Riviera Beach Resort and Green Harbor Resort.
DeWitt Davenport, CEO of the firm, “The decision to sell Red Jacket Resorts was made after a carefully thought-out process that ensures the continued success of the popular Red Jacket brand,” said Davenport.
The sale does not include any other companies owned and operated by The Davenport Companies, the company said. The company owns Thirwood Place senior living in South Yarmouth, Cape Cod Fence Co. on Cape Cod and in Connecticut, All-Cape Self-Storage, Davenport Realty, Davenport Building Company, Davenport Commercial Realty, Davenport Yearly Rentals, Kingsbury Aviation and Jupiter Apartment Finders, among others, the release said.
EOS Investors, founded in 2017, invests in hospitality properties around the U.S.
Simon Mais, chief operating officer of EOS, called the Red Jacket Resorts properties “staples in the Cape Cod and the White Mountains for decades.” He added, “We look forward to building upon the portfolio’s longstanding success serving guests in some of the most popular multi-season destinations in New England.”