Edited by: TJVNews.com

The Hamptons, a haven for the rich and famous, is no stranger to attracting celebrities and high-profile individuals, as was reported by the New York Post. Now, the spotlight is shining on The Capri Hotel and Restaurant in Southampton, as it aims to capitalize on the East End’s scarcity of luxury hotels. With a price tag of a staggering $29 million, this exclusive celebrity-magnet resort is up for sale to the highest bidder.

The Capri Hotel and Restaurant, built in 1960, sits gracefully on 2.3 acres of prime real estate. The Post reported that its unique allure stems from the St. Tropez-style pool parties hosted by Michael Pitsinos’ NAIA Hamptons restaurant. These legendary pool parties, which accommodate up to 120 people, have become the talk of the town, drawing deep-pocketed individuals who revel in the party scene, the report indicated.

At its core, The Capri boasts 29 tastefully designed guest rooms, including three suites tucked away in a tranquil corner, far from the buzzing pool area. As was reported by the Post, during the peak months of July and August, room rates for the standard accommodations begin at $999, while the suites command a princely sum of $1,999 per night. Undoubtedly, the exclusivity and allure of The Capri come with a price that only a select few can afford.

Renowned broker Tony Cerio, along with his colleagues at Brown Harris Stevens, will take charge of listing the iconic property, according to the Post report. Cerio emphasizes that trying to replicate a hotel like The Capri in the present era would be an insurmountable feat, as obtaining the necessary permits would be an uphill battle. This characteristic uniqueness is what sets The Capri apart and enhances its value in the market, the Post report said.

Mark Geragos and Tina Glandian, prominent attorneys from Geragos Global, purchased The Capri merely eight years ago for $4.8 million, the Post report noted. In December 2022, Geragos partnered with law colleague and MeidasTouch co-founder Ben Meiselas to form Engine Vision Media and acquires Los Angeles magazine from Hour Media, as was reported by Wikipedia.

In that relatively short span, they have made significant improvements to the property, including the addition of the pool bar, elevating its appeal to potential buyers. Now, the Post reported that they stand to make an astounding profit if the hotel sells at its listed price.

Buyout firms are increasingly eyeing the Hamptons as a goldmine for luxury properties. The Post report said that the scarcity of high-end hotels in the region has prompted investors to actively scout for potential acquisitions. The Capri’s sprawling size and the possibility of further expansion, including the addition of a tennis court, make it an attractive prospect for those seeking a lucrative investment opportunity.

Apart from its luxurious accommodations, the Post reported that the Capri has also earned its reputation as a favorite location for television productions. The hotel has played host to popular reality shows like “The Real Housewives of Beverly Hills” and “Summer House.” Additionally, the Capri’s Saturday morning roundtables have welcomed esteemed state officials, such as Gov. Kathy Hochul, Mayor Eric Adams, and Attorney General Letitia James, enhancing its allure as a hub for power and prestige, as was reported by the Post.

NAIA Hamptons, operating The Capri’s restaurant, outside bar, and pool area known as The Bathing Club, has added to the hotel’s appeal by bringing in top DJs on the weekends.