Timeshare owners at Gurney’s Inn in Montauk are discussing the possibility of bringing in a new investor, according to Paul Monte, the resort’s general manager and chief executive officer. However, Mr. Monte stressed on Monday that the landmark inn overlooking the Atlantic Ocean had not been sold, contrary to rumors.
Mr. Monte said there had been a recent meeting with timeshare owners, who are stakeholders in the entire property, including its units, restaurants and spa, to discuss the possibility of “bringing in a potential new investor.”
He would not go into further details, although he did confirm that “the investor is of Greek heritage,” and that he is from out of town. “There’s nothing happening at this time,” Mr. Monte said.
Gurney’s issued a press release Monday afternoon that said much the same: “Gurney’s Inn has not been sold. Currently, conversations are taking place between Gurney’s timeshare owners and a potential investor. At this point we are not at liberty to discuss those conversations.”
The release came from Ingrid Lemme, the marketing director at Gurney’s Inn Resort, Spa and Conference Center. “It is business as usual at Gurney’s,” it concluded. “The hotel, Seawater Spa and restaurants are waiting to welcome you.”
One of the largest employers in East Hampton Town, Gurney’s has been an oceanfront Montauk landmark since 1926.