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10 Richmond Mountain Road
SOLD

Aries Living Acquires Apple Tree Inn Hotel In Lenox, MA For $2.7M

10 Richmond Mountain Road

Hotel
39,000 SF
clock iconSold 1 year ago
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Summary

Sale
MASSACHUSETTS
Hotel
39,000 sqft

The Apple Tree Inn, a renovated landmark hotel located at 10 Richmond Mountain Rd in Lenox, MA, has been sold in a recent transaction. The hotel, situated across 22 acres in the Lenox district of the Berkshires, offers thirty-four Victorian-inspired private rooms. With its close proximity to both New York City and Boston, the inn attracts autonomous travelers looking for a retreat surrounded by natural beauty. The Ostrich Room, located within the inn, hosts live musical performances five nights a week, adding to the cultural experience. The sale of the Apple Tree Inn was facilitated by broker James Nugent.

Summary of transaction details

  • Property Type: Hotel
  • Address: 10 Richmond Mountain Rd, Lenox, MA
  • Market: Lenox, MA
  • Keys: 34
  • Price Per Key: $79,412
  • Sale Price: $2,700,000
  • Square Footage: 39,000
  • Price Per Square Foot: $69

Aries Living, a hospitality company specializing in personalized, service-oriented accommodations, has acquired the Apple Tree Inn as part of its expansion plans. The company, known for its high-tech, short-term stay model, is venturing into the unique hospitality experience provided by the inn. This acquisition adds to Aries Living's portfolio, which already includes three boutique-style hotels in Miami: Villa Paradiso, Ithaca of South Beach, and Treehouse. Founded in 2015, Aries Living is focused on creating a collection of properties that cater to creatively-minded and environmentally-conscious individuals seeking style, comfort, and inspiration in their getaway destinations.

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James Nugent's profile picture
James Nugent
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Commercial and Residential Properties
$2.7M Sold

Details

Deal Summary
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SOLD
IMAGE: Max Khaghan DATE: 10/31/2021 ADDRESS: 10 Richmond Mountain Rd MARKET: Lenox, MA ASSET TYPE: Hotel ~ KEYS: 34 ~ PPK: $79,412 BUYER: Aries Living (@AriesLiving) (https://www.arieslivinghospitality.com/) - Max Khaghan SELLER: The Apple Tree Inn (@AppleTreeInn) - Sharon A. Walker BROKER: James Nugent ASKING PRICE: $3,500,000 SALE PRICE: $2,700,000 SF: 39,000 ~ PPSF: $69 NOTE: Set across 22-sprawling acres in the Lenox district of the Berkshires, Apple Tree Inn is a renovated landmark hotel that welcomes autonomous travelers to experience music, art, and culture amid the awe-inspiring outdoors with a less than three-hour drive from both New York City and Boston. The inn is renowned for its thirty-four Victorian-inspired private rooms complemented by a selection of live musical performers five nights a week in a bar-setting at The Ostrich Room. This contemporary New England Inn is designed for creative, environmentally conscious, and artistically minded individuals seeking inspiration in a getaway destination without compromising on comfort and style. Aries Living is taking a departure from our typical high-tech, short term stay business model, by stepping into a personalized, service-oriented lifestyle space with this new property. With the acquisition of the Apple Tree Inn, Aries Living now operates four hotels. Founded in 2015, Aries Living operates three apartment boutique-style hotels in Miami — Villa Paradiso, Ithaca of South Beach and Treehouse - and is expanding its overall brand collection with additional properties in the pipeline.

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Address10 Richmond Mountain Road

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