Adele Turner Inn, Victorian Ladies Inn purchased by Landings Capital & Development

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Mott & Chace Sotheby’s International Realty announced on Friday the sale of three properties in Newport – 93 Pelham Street, 63/65 Memorial Boulevard, and 7 Annandale Road. The combined sales price for the properties was $3,250,000. The sellers of all three properties were represented by Eric Kirton, Sales Associate with Mott & Chace Sotheby’s International Realty. Eric also facilitated the transaction for the buyers.

“It has been an honor to work with the buyers and sellers for a smooth transaction on all fronts,” Eric said in a prepared statement. The properties, The Adele Turner Inn (93 Pelham Street) and The Victorian Ladies (63/65 Memorial Blvd.), were purchased by Landings Capital & Development, LLC and will operate as bed and breakfast facilities. “It’s amazing to witness the resurgence of bed and breakfast operations in the Newport area,” added Eric.

Landings Real Estate Group, a subsidiary of Landings Capital & Development, is a private real estate development company headquartered in Newport. Landings Real Estate Group is focused on the acquisition of multi-family, condominium, corporate park, office, retail, and land properties located throughout the Eastern United States.

Ray Mott, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty stated in the release, “We are immensely pleased with Eric’s efforts and successes on Aquidneck Island and the surrounding areas.”

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“These transactions complement the expansion of our inroads in coastal Rhode Island’s luxury real estate market as we continue to grow,” added Judy Chace, Broker/Co-Owner of Mott & Chace Sotheby’s International Realty in the release.

 

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