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June 21, 2006

Christie's restaurant sold for $6.7M to soup heiress

NEWPORT - Christie's of Newport, the city's oldest waterfront restaurant, has been sold to Campbell Soup heiress Dorrance H. Hamilton for $6.7 million.

The purchase agreement was signed this afternoon, ending months of speculation about the future of the Thames Street restaurant that's been a fixture for tourists and residents for over 60 years.

802 Partners, LLC, of Delaware, a family trust established by Hamilton, is listed as the buyer in the deal that was recorded yesterday and includes $26,616 in tax stamps.

Paul Fleming, a spokesman for the company, said the restaurant, which closed for business last week, will remain closed indefinitely. The marina, which will undergo improvements over the next few weeks, should re-open by the end of July and offer limited food and beverage service to marina patrons.

Christie's, which was opened in 1945, closed its indoor dining area last week, and the bar was open until Sunday.

-- Journal staff writer Kia Hayes

Posted by Andrea Panciera  at 6:52 PM | Permalink

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