A motel with “fantasy rooms” is getting some respect.
The Capri Whitestone Motel in the Ferry Point section of the East Bronx was just sold for $11.675 million to Baywood Hotels of Maryland. That works out to just under $123,000 for each of its 95 rooms.
It’s also a far cry from the $40 for four hours the hotel used to brag about charging for its “fantasy rooms,” some with Jacuzzis.
The two-story motel with restaurant and bar sits right along the service road and toll-booth plaza of the Whitestone Bridge at 555 Hutchinson River Parkway.
The circa 1962, 33,000-square-foot building has over 190 feet of frontage and parking on its 98,000-foot lot. The sellers, Whitestone Motel Co., expanded the hotel back in the 1980s.
Because of its zoning, big-box tenants had been considering the site, but the area is being re-energized and a repositioned hotel can take full advantage of the changes.
Laurence Ross of Besen & Associates represented both sides of the deal.
The site is opposite the city-owned Ferry Point Golf Course that is now under renewed construction.
When completed, it will include a community park and 20-acre waterfront promenade along the Long Island Sound.
Pepsi is also building a $40 million distribution facility next door which falls in the Zerega industrial business zone. Ross was the sole broker.
Baywood owns hotels in the mid-Atlantic region under the flags of Holiday Inn Express, Hamp ton Inn and others. This is their first city acquisition and it is as yet unclear which name will be used.
A call to their spokeswoman was not returned by press time.
