NEW YORK CITY—The Ram's Head Inn on Shelter Island is now up for sale, having reduced its asking price to $10.9 million from $11.9 million, the amount originally listed by Peter McCracken of the Corcoran Group in January 2017. Henri M. Kessler, an investment sales associate with Marcus & Millichap's national hospitality group, secured the new listing.
Kessler tells GlobeSt.com that the sellers, owners Linda and James Eklund of Reich/Eklund Construction, wanted to focus more on commercial brokerage beyond East Long Island, and specifically, those interested in investing in hospitality. Kessler says he emphasized that his group speaks with coast-to-coast buyers. He notes Marcus & Millichap's national hospitality group closed on $3.2 billion of assets in limited service hospitality transactions, since January 2014. Along with Kessler, his colleagues, VP of investments Jerry Swon, and senior associate broker Nelson Lee, are representing the sellers.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
