Fire Island Pines: Popular gay getaway resort sells for $17 million

Hotel Ciel at Fire Island Pines

Hotel Ciel at Fire Island Pines LGBTQ Nation

In the largest transaction in Fire Island history, an investment group has purchased the vast majority of commercial property and establishments in Fire Island Pines, the internationally famous gay community.

Hotel Ciel at Fire Island Pines

The $17 million purchase includes the famed Pavilion nightclub complex, the Blue Whale and Bay Bar restaurants, the Hotel Ciel, a grocery store, gym and clothing store, as well as numerous retail spaces and residential properties.

The investment group, FIP Ventures, consists of Matthew Blesso, 36, president of Blesso Properties, a New York investor and developer; Andrew Kirtzman, 48, a journalist and owner of The Madison Fire Island Pines bed and breakfast, and Seth Weissman, 26, a managing partner of Weissman Equities, a Manhattan-based real estate investment firm.

Among the many improvements planned, the new owners are also designing a complete renovation of the Hotel Ciel this fall, with the re-opening set for May, 2011.

Fire Island Pines is located on Fire Island, a barrier island on the southern side of Long Island.

This Story Filed Under