It's the Capri Whitestone Motel in the Ferry Point section of the East Bronx, and Lois Weiss of the New York Post is reporting that it's been sold for $11.675 million to Baywood Hotels of Maryland.
The city-owned Ferry Point Golf Course is right across the street and is currently undergoing (after much drama including allegedly mob-connected carting companies profiting from their gigs dumping dirt on the site) its transformation from an old landfill to a Jack Nicklaus Signature Golf Course, complete with a community park and waterfront promenade.
Clearly the business savvy honchos at Baywood Hotels smell a good business deal here which will put them front and center as the Ferry Point area undergoes revitalization.
~ErLu
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