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The Sands Motel in Montauk is under new ownership.
Enduring Hospitality has purchased the 43-room hotel building from a family that has long owned the East Side property, Compass announced. The property was listed for sale this summer for $28 million, but the purchase price was not disclosed and has not yet appeared in public records.
The complex spans four parcels but is primarily located at 71 South Emerson Avenue. Located near downtown Montauk, the complex features over 250 feet of frontage on Montauk Highway and 360-degree ocean and Fort Pond water views.
The 19,000-square-foot property features one- and two-bedroom units with en-suite bathrooms. About one-third of the units have small or medium-sized kitchens.
According to Behind the Hedge, Richard Houseman has long owned and operated the motel. Hausman died in 2022 at the age of 97.
Hal Zwick and Jeff Sztorc of Compass Commercial arranged the sale.
“Our goal was to renovate the existing hotel with a focus on health and wellness while maintaining the authenticity of Montauk and its connection to surf culture,” the new owners said in a statement.
Montauk has seen a significant decline in hotel and motel transactions in recent years.
Last year, Boston-based investment firm Blue Flag Partners paid $13.5 million for the 34-room Sunset Beach Motel, along with two vacant lots in Montauk Harbor and some nearby oceanfront parcels. The 3.5-acre property has been on the market for six months, with a last asking price of $15 million.
KSL Capital Partners acquired the 96-key Marram from Bridgeton Holdings in 2022 for $78.5 million ($820,000 per key). Bridgerton acquired the 1960s-era Atlantic Terrace Motel in 2018 for $32.5 million and transformed it into a luxury resort while adding a South American cafe.
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