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

The exterior of the Alpine Inn
The 27-room Alpine Inn in Big Indian, N.Y., was sold to Dovetail + Co and Urban Cowboy for $1.4 million. Photo credit: 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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

After six months as EVP/chief accounting officer, Peery will replace Rachael Rothman as the REIT's EVP/CFO.

Should all of 2020's scheduled hotels come online as planned, China will open the most new rooms next year since the cyclical peak in 2014.

The luxury goods company is set to acquire Tiffany & Co. in a deal worth $16.2 billion.