Friday, January 10, 2014

New Hope’s Logan Inn may be close to sale

Logan Inn in New Hope PA (Photo: Charlie Sahner)

By Charlie Sahner

It’s no secret that the Logan Inn in New Hope has been on the market for $6.7 million.

Located on one acre of downtown New Hope turf, it boasts 16 rooms, 73 parking spaces, and seating for 400 at the Nikolas restaurant. Nick Gialias, the restaurant’s namesake and member of the inn’s ruling family, confirmed Wednesday that he has left the business and will be starting his own venture shortly.

Now, sources close to the situation say the Logan Inn is near sale and the buyer may be Hotel du Village owner Landmark Hospitality. Landmark Principals Frank and Jeanne Cretella bought the nearby Hotel du Village in 2013, and recently presented a proposal to Solebury’s Historical Architectural Review Board to renovate and expand the buildings and grounds. “We are proposing a bed and breakfast comprised of six guest rooms and a spa,” said the company in an open letter to Solebury residents.

Landmark was less chatty this week, offering no response to phone calls and emails requesting comment. The real estate agent listing the property said he “had no information to add.” But the Logan Inn acknowledged in a statement Wednesday attributed to owners Pete and Mary Ann Gialias that, “As of today, no official offer is in place, however, there are very interested parties.”

The Logan would fit in well with Landmark Hospitality’s other holdings, which tend toward the traditional, high-end and historic.

Aside from Hotel du Village, Landmark also owns and manages the Liberty House Restaurant inside Liberty State Park in Jersey City, Stone House at Stirling Ridge in Warren, NJ, Crave Caterers (an off-site catering division), Celebrate at Snug Harbor (inside Snug Harbor Cultural Center and Botanical Gardens), and Landmark Destination Weddings. The Cretellas recently bought the well-known Ryland Inn in Whitehouse Station, NJ, which is undergoing extensive renovations.

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