Jersey City developer promises to restore, expand Bucks County landmark
Addison Wolfe Real Estate, a boutique real estate firm specializing in distinctive properties, today announces New Hope’s historic Logan Inn has sold for $5.6 million to Landmark Hospitality, headquartered in Jersey City, N.J.
According to Addison Wolfe Realtor® Caryn Black, who represented Landmark Hospitality, the Logan Inn deal represents the largest commercial real estate transaction in recent history within the borough of New Hope.
“This deal has been in the works for some time, and promises to remake the face of downtown New Hope while remaining true to the building’s historic roots and New Hope’s distinctive character,” says Black. “Landmark Hospitality has an impressive track record of restoring historic commercial properties and turning them into remarkable destinations that complement their environment. The same will be true of Logan Inn.”
Established in 1722 as a tavern, the Logan Inn at 10 West Ferry Street in New Hope is Bucks County’s oldest and only in-town, continuously operational inn on the National Register of Historic Places.
Frank Cretella, principal of Landmark Hospitality, intends to work closely with New Hope’s Historical Architectural Review Board and Doylestown Architect Ralph C. Fey, AIA, to enhance the property’s curb appeal. In its current form, Landmark’s plans call for constructing two additional permanent structures that will add 17 new guest rooms and a pebbled court yard.
“As we did with the Ryland Inn in Whitehouse Station a few years ago, our intention is to return the Logan Inn to its true landmark status,” explains Cretella. “Logan Inn has been a centerpiece for New Hope since the dawn of this town, and we intend to renew its promise, restore its history and remake it as a showplace of fine dining and lodging for the hundreds of thousands of people who visit the area annually.”
Landmark Hospitality, a leader in urban renewal and adaptive reuse practices for historic and existing commercial structures, also operates Liberty House Restaurant in Jersey City, Stone House at Sterling Ridge in Warren, N.J., and Celebrate at Snug Harbor in Staten Island, N.Y., in addition to the Ryland Inn. The company also recently unveiled its other distinctive New Hope property, the fully renovated Hotel Du Village on River Road.