Perry Mill Tavern & Music Hall, formerly the Rhino Bar & Grille, has been sold. The property had been on the market for almost one year.

The property was purchased by Surf Club LLC, also known as Larry Silverstein and Patrick Kilroy (co-owners of Midtown Oyster), from J.H. Enterprises LLC. The duo opened Midtown Oyster Bar at 345 Thames Street in June, 2013.

The restaurant, bar, nightclub and patio located at 337 Thames Street in downtown Newport was listed recently by Lila Delman Real Estate and Gustave White Sotheby’s Realty for $999,000. It is unknown at this time how much the property was sold for.

According to the listing, the purchase of the property includes the real estate, equipment, all permits and licenses. The property has a capacity for 384 guest inside and 117 outside.

Besides Midtown Oyster Bar and now Perry Mill Tavern, the Kilroy family are also involved in ownership and management of The Lobster Bar, The Landing, One Pelham East, Studio 3 and Star Bar.

The Class BT alcoholic beverage license at Perry Mill Tavern has already been transferred to the new ownership and the group has been approved for a new entertainment license.

Sources tell us Perry Mill Tavern & Music Hall expects to operate “as is” until probably the fall.

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Ryan Belmore is the Owner & Publisher of What's Up Newp, LLC. Belmore has led What's Up Newp since December 2012. Belmore also serves as the Sr. Editor - North America for Mountain News - publisher of OnTheSnow. In his spare time, Belmore serves as the Vice President for the Board of Directors at Fort Adams Trust and serves on the Board of Directors at Lucy's Hearth. Belmore is also a member and supporter of Local Independent Online News (LION) Publishers. Send questions, tips, and story ideas to Ryan@whatsupnewp.com.

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