Chequit Inn on Shelter Island Set to Become Chic

On the Hamptons real estate news front, Cape Advisors has announced that they are currently in contract to buy the Chequit Inn on Shelter Island and turn it into a chic and swanky new resort hotel. The deal is expected to be a $10 million project, according to the New York Post.

The announcement includes brief details about a complete renovation of the rooms at Chequit, a brand new pool and a new restaurant as well.

With an updated Chequit joining the Andres Balazs hot spot Sunset Beach in that cozy rock between the forks, will Shelter Island transform into a New York hot spot and wind up with more hotels following in the footsteps of the newly chic resorts in Montauk?