Cushman & Wakefield To Sell Shelter Island’s Chequit Inn

The Chequit Inn on Shelter Island. Jane Beiles photo

The Chequit Inn, a boutique hotel nestled among Shelter Island’s Victorian cottages, has officially hit the market for $9 million with Cushman & Wakefield.

“We are excited to bring this tastefully renovated boutique hotel to market,” Director Michael Gembecki said. “The Chequit maintains its rich history and is enjoyed by local Shelter Island residents along with countless destination travelers. The hotel has been featured in numerous publications including Conde Nast Traveler 2016 Hot List, Vogue, Hamptons Magazine, and The New York Post, and we expect interest from local, national and overseas investors due to its superior location and asset class.”

Originally built in 1872, the three historic structures of The Chequit Inn — located at 23 Grand Avenue, 6 Washington Street and 9 Washington Street, spanning nearly 18,730 square feet of property — have been recently renovated with original antiques and contemporary design, boasting 37 rooms with 10 unique variations, as well as event and meeting space, hardwood floors, ample parking and grounds with room for pool expansion or potential residential conversion.

The main building on the property totals 12,120 square feet with more than 19 rooms, a 3,500-square-foot bar/restaurant, and 1,800 square feet of outdoor space. The second structure, known as the “Cottage House,” is a 5,406-square-foot space with 11 rooms, and the third building, the “Summer House,” is the smallest, totaling 1,200 square feet with just six rooms.

“Known for its vintage, simplistic interior design and its lively color palette, The Chequit Inn has been acknowledged for its superiority as it was ranked fourth in the United States in Conde Nast Traveler’s Hot List and has been featured in countless other publications,” according to a press release. ‘The property is situated in an ideal location for both locals and travelers alike, as it is just steps from the North Ferry, Shelter Island Yacht Club, Dering Harbor and Shelter Island Country Club. The hotel is only two and a half hours from New York City, or a short boat ride from Connecticut, proving an exceptional location for local weekend travelers.”

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