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The Chequit on Shelter Island listed for $9 million

The Chequit, a boutique hotel in Shelter Island

The Chequit, a boutique hotel in Shelter Island Heights. Credit: The Chequit

The Chequit, a Shelter Island boutique hotel, has hit the market for $9 million.

Originally built in 1872 and recently renovated, the hotel includes three structures with a combined 37 rooms. The .87-acre property, situated in Shelter Island Heights, features a 12,120-square foot main building with 19 rooms, a restaurant and porch offering water views. The “Cottage House,” at 5,406 square feet, includes 11 rooms and the 1,200-square foot “Summer House” offers six rooms.

“It’s a well-known name and well-known hotel,” says Guthrie Garvin, the senior managing director of Cushman & Wakefield, Inc., the real estate firm marketing the property. “We think there is some nice upside to come in and do some work and even take it to the next level.”

The hotel, which is open year-round and has rates beginning at $195 per night, is less than a half-mile from Shelter Island’s North Ferry.

The property last sold in 2014 to Salt Hotels. The new owners fully renovated the structures, giving the hotel a sleek design while maintaining its rustic elements. In addition to the hotel’s restaurant Red Maple, Mr. Crook’s Pub opened at The Chequit in the fall as a pop-up bar serving Friday through Sunday.

“In addition to the rooms, we think the food and beverage component is a huge aspect of it,” says Michael Gembecki, director of Cushman & Wakefield.

Gembecki says there are plans to potentially add a pool to the property. Developers, he adds, have also considered parceling one of the structures into residential condos.

“Somebody could come in and reposition the asset,” he says. “It doesn’t have to stay in its current form.”

Garvin adds that the buyer will have the opportunity to “put your own variation on what’s there. It’s certainly a well-known property, which gives you a great starting point.”

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