PACIFIC GROVE — The Seven Gables Inn, the iconic three-story yellow Victorian mansion on Ocean View Boulevard in Pacific Grove, has been sold to Alex Kirkwood of the Kirkwood Collection for $14,545,000.
“We intend to remain loyal to the historic nature of the property,” said Kirkwood. “Our goal is to continue the legacy the Flatleys established.”
The Flatley family put the 15,100-square-foot property, made up of four parcels and seven structures, on the market in the spring of 2020 for $17.25 million. They have owned and operated the Seven Gables Inn, which was originally built in 1886, for 39 years.
The new owner said the Flatleys had expressed an interest in finding a buyer who would be respectful of the property’s history.
Kirkwood will be the fourth owner after the first owner, Jane Page, sold the mansion to Lucy and Henry Chase in the early 1900s. The Chases converted the home into rental apartments and sold it about 70 years later to the Flatleys, who turned it into one of the most revered bed-and-breakfast properties in the United States. It has consistently won accolades as one of the top 10 most romantic inns in America.
The four parcels that make up the nearly half-acre lot allow flexibility for potential use.
“We’re exploring the feasibility of a restaurant concept,” said Kirkwood, who added that the inn can accommodate 60 additional guests who could support a restaurant and bar.
Kirkwood has a design team that works out of the company’s Beverly Hills office. He said that over time the Seven Gables will undergo a freshening up concentrating on areas not renovated in some time.
“But always remaining loyal to the design intent and the historic fabric of the property,” said Kirkwood.
The Seven Gables Inn currently operates as a boutique hotel with 25 rooms each with ocean views, an oceanfront dining room that seats 40, a full commercial-style kitchen, two full laundry facilities, conference facilities for large groups, and on- and off-site parking, among other amenities.
The property at 555 Ocean View Blvd. in Pacific Grove sits on a 21,000-square-foot lot bordered by Ocean View to the north, Grand Avenue to the west and Fountain Avenue to the east. One of the homes next door, originally built in 1910, was owned by the first female mayor of the city, neurobiologist Julia Platt, who planted much of the flora along the coastline of Pacific Grove.
“It’s a game-changer, a hallmark historic acquisition that changes our footprint,” said Kirkwood.
The Kirkwood Collection is a family-owned company that was started about 10 years ago around a dinner table.
“Today there are about $40 million in assets under management,” said Kirkwood.
The Kirkwood Collection is a luxury hotel brand with a portfolio of six intimate boutique hotels in California. The acquisition of the Seven Gables Inn in Pacific Grove continues the company’s expansion into premier vacation destinations along with properties in Santa Barbara, Palm Springs, Rancho Mirage and San Luis Obispo.
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June 26, 2021 at 04:36AM
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Seven Gables Inn in Pacific Grove sold for $14.5M to Kirkwood Collection - Monterey Herald
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