Unit Information
Discover a rare coastal investment opportunity—a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyport’s STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios, 3 Standard King Studios & 5 Double Queen Studios. The restaurant (The Slip) provides a variety of options—operate existing restaurant, lease to a new owner, convert to high-end suites (w/ town approvals), etc. The property could be delivered fully furnished/equipped. This is a legacy asset where lifestyle, hospitality, & investment intersect.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - Rooming House
- Zip Code: 01952
- Levels: 3
- Parking
- Garage Capacity: 60
- Parking: Paved Drive, Off Street, Deeded, Paved
- Parking Spaces: 60
- Rooms and Dimensions
- Total Units: 18
- Total Floors: 3
- Total Rooms: 20
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$4,999,000
- Listing ID: 73437514
- Bedrooms: 20
- Full Baths: 19
- Half Baths: 3
- Living Area: 21,319 sqft Convert
- Lot Size: 39,282 sqft Convert
- Acres: 0.9
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |