Transactions

Dovetail + Co, Urban Cowboy acquire Catskills inn for $1.4M

By Chelsea Dobrosielski May 2, 2019 2:29pm

Acquisitions Lodges Transactions Dovetail + Co.

Dovetail + Co and Urban Cowboy have acquired the 27-room Alpine Inn in Big Indian, N.Y. The two companies purchased the hotel from the Griesser family, who owned and operated it since 1936, for $1.4 million. The pair acquired the hotel as co-sponsors and plan to co-develop and co-manage it.

The two companies plan to renovate and transform the hotel into an Urban Cowboy-branded lodge and spa. The updated property will include a restaurant, spa, gathering areas and nature trails.

Urban Cowboy introduced its first hotel, a five-room bed and breakfast, in Brooklyn, N.Y. in May 2014. The company has since added an Urban Cowboy hotel in Nashville, Tenn., and expects to debut the 23-room Dive Motel & Swim Club this summer, also in Nashville.

Hotel ownership and development company Dovetail + Co launched less than a year ago. It acquired its first property, The Mainstay Hotel & Conference Center, this January in partnership with JEM Holdings. The company is now in the process of redeveloping the 200-room Newport, R.I. hotel.

Acquisitions Lodges Transactions Dovetail + Co. New York Urban Cowboy Own Development Transactions