A Rhode Island hotel chain has bought the Nantasket Beach Resort on Hull Shore Drive.
Newport Hotel Group bought the 107-room oceanfront hotel, which includes two restaurants — the Paragon Grill and Surf Lounge — an indoor pool, fitness center, and 10,000 square feet of event space that hosts weddings. The hotel opened in 2001, changed hands in 2010, and was renovated in 2016. The property is assessed at $9.25 million.
Holliday Fenoglio Fowler, a commercial real estate brokerage firm based in Dallas, announced it had sold the property. The price was not disclosed.
Newport Hotel Group owns nine boutique hotels in New England and one in Jackson Hole, Wyo. The local holdings include Newport Beach Hotel & Suites and Bristol Harbor Inn in Rhode Island; New Haven Hotel in Conn.; Ocean House Hotel at Bass Rocks in Gloucester; and the Hyannis Harbor Hotel, Ocean Mist Beach Hotel & Suites, and Inn on the Square on Cape Cod.Johanna Seltz can be reached at email@example.com