As of this month, The Danfords Hotel, Marina & Spa located in the heart of Port Jefferson officially has new owners.
For over three decades, TPG Hotels has evolved into a national operator of several big-name hotel brands, such as Marriott, Hilton, and Wyndham, and dozens of independent, boutique hotels.
Danfords Hotel, Marina & Spa’s nautical charm, massive marina, and waterfront views are what caught the attention of the major hotel management firm.
The new ownership group is planning substantial renovations.
“Danfords Hotel, Marina & Spa in Port Jefferson, NY is a remarkable destination located in one of the highest barriers to entry markets in all of North America,” stated Robert Leven, the chief investment officer at Procaccianti Companies. “Danfords is a perfect fit as we accelerate the growth of our recently launched marina platform.
“We have several more acquisitions in the pipeline and intend to have a significant concentration of East Coast marina properties by the end of 2021.”
The plan for TPG Hotels, Resorts & Marinas is to go forward with resort-wide modernization at Danfords, such as implementing a lodging and slip reservation system and greenlighting a full renovation to the resort’s guest rooms.
The marina facilities on the resort grounds will also undergo a makeover.
Danfords currently holds 92 guest rooms and suites, offers docking at its 100-plus-slip marina, and is able to accommodate vessels up to 250-feet in length. The hotel also hosts weddings, special occasions, and other gatherings with its approximately 14,000 square-foot meeting and function space.
There’s also The Butterfly Spa at Danfords for guests looking to partake in a luxurious spa day.
As part of the transaction, TPG Hotels, Resorts & Marina acquired both the WAVE restaurant, the hotel’s onsite seafood eatery and lounge with dining overlooking the Long Island Sound, and The Club: A Public Steakhouse, which is also on site.
TPG Hotels, Resorts & Marina will also manage catering operations at the Waterview Restaurant located at the Port Jefferson Country Club.
Read the full press release here. The financials details of the sale were not disclosed.
Top: Exterior of The Danfords Hotel, Marina & Spa. Photo courtesy of the hotel’s Facebook page.