Local real estate firm Blue Flag Partners has acquired six additional properties in Nantucket, Mass. These acquisitions further expand Blue Flag’s partnership with the Life House hotel group, joining three existing hotel properties on Nantucket and the purchase of the Kelley House Hotel on Martha’s Vineyard in October2020.
The six properties, which changed hands across three transactions, are the Summer House at 27 Fair Street, Summer House at 29 Fair Street, Pineapple Inn on Hussey Street, India Street Inn on India Street, Hawthorn House on Chestnut Street and a property on Federal Street that previously operated as a seasonal vacation rental.
“With signs of an accelerated recovery of travel demand to Nantucket, Mass., based on the bookings we are seeing at hotels within our existing portfolio, we are pleased to announce our continued expansion through acquiring these six historic properties,” said Jason Brown, managing partner at Blue Flag.
The portfolio of historic hotels and inns on Nantucket and Martha’s Vineyard owned by Blue Flag and operated by the Life House hotel group are the original Roberts House Collection on India Street, which has since been transformed into Faraway Nantucket; the former Century House on Cliff Road, which reopened last summer as Life House, Nantucket; the former Star of the Sea Hostel on Western Avenue; and the historic Kelley House hotel in Edgartown, Mass.
“We have enjoyed working with Blue Flag to manifest their vision for locally rooted, lifestyle hospitality experiences on Nantucket and Martha’s Vineyard. We are thrilled to further our partnership with them by operating these new properties and collaborating on their restoration.'' said Bryan Dunn, head of growth at Life House.
Life House will operate a portion of the newly acquired portfolio “as-is” during 2021 operating season ahead of supporting Blue Flag with executing various improvements during the upcoming off-season period.