New England Hotel Chain Purchase Underscores Reach of Leisure Travel Trends
Photo Credit: Much of the Red Jacket Resorts portfolio fronts Nantucket Sound or other parts of the Cape Cod waterfront (pictured: the Green Harbor Resort). EOS Investors/Red Jacket Resorts
Skift Take
South Florida and California aren’t the only durable U.S. leisure hotel markets. Expect more investors like EOS to look for opportunities outside the traditional destinations most popular with hotel funds.
A New York-based hotel investor’s push into New England leisure markets has ramifications for the greater industry’s focus on where to park capital.
EOS Investors acquired the six-property Red Jacket Resorts chain, the firm announced exclusively to Skift Tuesday. The small hotel chain’s portfolio is split between five resorts in Cape Cod and a resort in the White Mountains of New Hampshire.
A six-resort portfolio totaling 650 rooms may not seem like much compared to other deals that closed this week like Hyatt’s $2.7 billion Apple Leisure Group acquisition. But the push into a market as highly seasonal as Cape Cod shows how hungry investors are to scoop up supply in what looks like an increasingly expanded leisure travel climate coming out of the pandemic.
“When we’re evaluating these investments and their financial opportunity, we already have the
