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October 16, 2018

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


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.”

“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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