Historic Maidstone Inn trades for $17M

The historic Maidstone Inn, the East Hampton property with roots dating back centuries, has been sold. 

The buyers are Tilray Brands CEO Irwin Simon and restaurateur Mayank Dwivedi. Publicly traded Tilray Brands is a pharmaceutical, cannabis and consumer goods conglomerate, which recently acquired Montauk Brewing Company. 

Though the price was not disclosed, real estate sources say it was about $17 million. 

The building at 207 Main St. that currently houses the Maidstone was constructed more than 180 years ago, though the property dates back to the 1600s. 

The Maidstone has 19 guest rooms, a 76-seat restaurant and bar. The building and separate cottages total about 11,000 square feet on 1.14 acres, according to public records.  

The sellers, Jenny and Jonathan Baker, have owned the Maidstone since 2008 and will retain some continued ownership in the property going forward. The buyers are planning to re-open the Maidstone for the season on May 15. 

Tony Cerio, Mitch Natter and Jared Schiavoni of Brown Harris Stevens represented the buyers, while Jonathan Solomon of Luxury New York Group represented the sellers in the sales transaction. 

“My firm is thrilled to have been a part of the sale of the Maidstone,” Solomon said. “The hotel has a rich history and is a beloved institution in the community. We’re confident that the new owners will continue to maintain and enhance its legacy.” 

=