![]() ![]() East Hampton Point is a personal investment by Freeman and a group of investors and doesn’t involve Alden Global Capital, the source added. The sale to Freeman’s group closed in December after multiple bids were submitted, we’re told. The waterfront property boasts a hotel with seven luxury suites, 13 private cottages, a restaurant, a marina, tennis courts and a heated outdoor pool. The sale price was more recently slashed to $27 million. The resort had originally been put up for sale around 15 years ago for $50 million by the late Ben Krupinski, a popular Hamptons home builder who died in a plane crash in 2018. It is just minutes from East Hampton Village. ![]() The waterfront property - which used to house the celebrity- and billionaire-frequented sunset hotspot Moby’s - boasts a hotel with seven luxury suites, 13 private cottages, a restaurant, a marina, tennis courts and a heated outdoor pool. Now Page Six can exclusively reveal that 40-year-old Freeman personally, along with a group of investors, has finalized a deal to buy East Hampton Point “for less than $20 million,” according to a source with knowledge of the sale. Hamptons regulars are stunned after Wall Streeter Heath Freeman - dubbed “the hedge fund vampire that bleeds newspapers dry” - bought the beloved East Hampton Point resort for less than $20 million.įreeman is president of Alden Global Capital, which was also named “the grim reaper of American newspapers” by Vanity Fair for its slash-and-burn practice of initiating deep cuts and mass layoffs at papers it buys, such as the Denver Post and the San Jose Mercury News.Īlden just finalized a $431 million deal to buy the remaining stake in Tribune Publishing, owner of the Chicago Tribune, the Baltimore Sun and the troubled New York Daily News. Serena Williams speaks at ‘Davos of the Hamptons’ about her VC fund ![]()
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