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Off Market
1/6

1 Ocean Walk
Cherry Grove, NY 11782


HIGHLIGHTS

  • The Ice Palace Resort boasts the newest & largest hotel on Fire Island!
  • The Ice Palace features nightly entertainment & the largest dance floor on Fire Island
  • The Grove boasts the largest swimming pool on Fire Island - expansive sundecks for fun
  • Iconic hotel with roots dating back to 1880 in this world famous LGBTQ location
  • Situated steps from the bay (Cherry Grove ferry) and world renowned beaches
  • High barrier to entry on this tiny vehicle free island only 50 miles from NYC

OVERVIEW

The Iconic Grove Hotel in Cherry Grove is Fire Island's Largest Hotel. The original hotel dates back to 1885 and was called Perkinson's Hotel and later Duffy's. It was replaced in 1958 by the Cherry Grove Hotel. The current owner of 15 years completely rebuilt the hotel which opened in 2018 with the latest in safety standards and modern conveniences. Boasting 63 guestrooms and suites, the Grove Hotel has the largest swimming pool on Fire Island and is home to the renowned Ice Palace Nightclub and the world-famous Miss Fire Island contest! Only steps away are the beach, restaurants, shops, dance clubs and bars, catering to your every whim. The Ice Palace Nightclub has been a Fire Island staple since the mid-50’s. They come to dance, to people watch, to play pool, or hang out on the outdoor deck. The largest dance floor on Fire Island fills up on weekends and you'll find nightly entertainment and a great mix of the LGBTQ community. Although The Grove Hotel is the newest and largest hotel in Fire Island, it can be further upgraded by a new owner to a "boutique hotel" to achieve even higher ADR and Occupancy levels. The Ice Palace can also be enhanced to offer a more upscale dining and dancing experience. In short, with a brand new building, outstanding location and rich history, The Iconic Grove Hotel and Ice Palace presents a rare opportunity to take to the next level and as the premier resort on Fire Island.

FOR SALE DETAILS

PRICE

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# OF ROOMS

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CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Ice Palace Resort (Grove Hotel)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

30000

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

C-1

APN/PARCEL ID

0200-986-20-03-00-046-001