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Sat, May 28
A Compendium of Property & Capital News
Sat
May 28
A Compendium of Property & Capital News

Cape Cod’s Five-Star Wequassett Resort & Golf Club Sells for $102M to New York Investor EOS

May 11, 2022
Wequassett Resort & Golf Club, Harwich MA

HARWICH — The privately held New York real estate investment firm EOS Investors LLC (“EOS”), has acquired the posh Wequassett Resort and Golf Club for $102,000,000. The luxury, oceanfront resort in Cape Cod, Massachusetts is considered one of only a few five-star rated resorts on the Cape.

According to a release by EOS, the acquisition of Wequassett Resort further expands EOS’s presence in Cape Cod, following the company’s acquisition of Red Jacket Resorts last year. EOS’s New England resort portfolio now consists of 17 properties, featuring over 1,000 keys, more than 20 restaurants and bars, and nearly $125 million of annual revenue.

“We are excited to continue one of New England’s most special hospitality legacies with an investment in Wequassett. Wequassett is an irreplaceable resort, offering world-class experiences and exceptional service in a pristine, coastal destination. We are honored to add the beautiful and historic property to our drive-to resort collection,” said Tom Burns, Managing Director at EOS Investors.

Nestled on 27 acres of prime oceanfront property, Wequassett Resort features 120 keys. The property boasts four restaurants, including casual dining restaurant Outer Bar & Grille; intimate restaurant and cocktail bar Thoreau’s; outdoor pool bar & restaurant LiBAYtion; and flagship Twenty-Eight Atlantic restaurant, which is the only Forbes Five-Star restaurant in Cape Cod and one of only five across all of New England.

“Having opened in 1925, Wequassett Resort has become a beloved destination to generations of guests for almost a century. EOS Hospitality looks forward to building on the resort’s already incredible reputation and ushering in its exciting next chapter,” added Simon Mais, chief operating officer at EOS.

“It has been an honor to serve the community throughout the decades and we are pleased to turn the reigns over to an organization that shares in our vision and is committed to making the resort even better,” said Mark Novota, who has served as a Managing Partner at Wequassett Resort for 35 years, “We are proud of all that we have accomplished and were extremely careful in choosing the right organization to pass the baton to. We are confident that EOS shares in that pride and what is special about Wequassett will live on.”

Simon Mais Tom Burns Mark Novota