Gurney's Resort board votes to buy out remaining timeshare owners

0 Members and 1 Guest are viewing this topic.

Online TimeshareTalk

  • Administrator
  • Sr. Member
  • *****
  • Posts: 258
  • Karma: +36/-0
The majority owners of Gurney’s in Montauk are poised to assume full control of the iconic resort after its board of directors voted Monday to buy out the remaining timeshare owners.

Timeshare owners were notified of the board’s decision in a letter emailed after the meeting.

Gurney’s Montauk Resort & Seawater Spa has gone through a dramatic transformation since Manhattan-based developers George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management purchased it in 2013 from the Monte family, which had run it for decades. The resort formerly attracted middle-class families from the tristate area as well as celebrities. The developers have been making renovations to turn it into a more glamorous destination for affluent vacationers, with a high-end restaurant and beachside cocktails. [nofollow]