Real Estate - Village Latch Inn Hotel Listed at 24.9 Million

The Village Latch Inn Hotel, one of the highest profile East End hotels, hit the market this week with an asking price of $24.9 million, a cost slightly more than its listing last winter. "You have such a picturesque setting, but really the key here is that it really offers an unprecedented development opportunity. And you know this is just what our foreign investors look for, but nothing's to say that it can't be someone locally," said Faith Hope Consolo, chairman of Prudential Douglas Elliman's Retail Group. Ms. Consolo and Joseph Aquino, executive vice president of the retail group, are marketing the sale.