Westmount Capital Group and EKG Acquire Charlottesville’s Historic Clifton Inn; Scout Hotel & Resort Management Tapped to Operate

/Westmount Capital Group and EKG Acquire Charlottesville’s Historic Clifton Inn; Scout Hotel & Resort Management Tapped to Operate

Westmount Capital Group and EKG Acquire Charlottesville’s Historic Clifton Inn; Scout Hotel & Resort Management Tapped to Operate

|2017-12-08T13:15:49-05:00December 8th, 2017|

CHARLOTTESVILLE, Va. – Dec. 8, 2017 – Washington, D.C.-based Westmount Capital Group, LLC and Richmond, Va.-based EKG, LLC have acquired the Clifton Inn in Charlottesville, Virginia, and have retained Scout Hotel & Resort Management as its operator. Woodmont Lodging, LLC provided advisory services to Westmount Capital Group, LLC and will continue to have asset management responsibilities. EKG, LLC, led by the McGeorge Family, was advised by Richmond, Va.-based Canal Capital Management. The boutique inn, which opened its doors to overnight guests in 1983, occupies the historic 1799 estate of Thomas Jefferson’s daughter, Martha, and her husband, Thomas Mann Randolph.

“Clifton Inn’s historic legacy and 100-acre setting combine to give it great potential,” said Charles D’Angelo of Westmount Capital Group, LLC and Managing Director of the newly formed Clifton Inn, LLC. “Scout Hotel & Resort Management has built its business on recognizing the possibilities in its hospitality assets and steering them to stable, long-term growth, and we have absolute confidence that they will do the same for this exceptional inn.”

“We’re excited to work with Westmount Capital Group, LLC to usher in a new era for Clifton Inn,” added Robin Kirk, Scout’s Principal and CEO. “There are so many unique attributes of this hotel that dovetail beautifully with the Charlottesville area’s tourism appeals, from its natural beauty and wealth of historic and cultural attractions, to its growth as a wine tourism destination.”

Set on a vast expanse of landscaped gardens, pristine forests and lakes in the foothills of the Blue Ridge Mountains, Clifton Inn is just down the road from Thomas Jefferson’s Monticello. It is home to 17 individually decorated guest rooms and suites, elegant indoor and outdoor wedding and event facilities, and a fine-dining restaurant, Clifton Inn Restaurant, with indoor and terrace seating, as well as a wine bar for private dining. For more information, visit www.clifton-inn.com.

About Westmount Capital Group, LLC

Westmount Capital Group, LLC is a boutique firm based in Washington, D.C. specializing in family office estate planning and portfolio management. Westmount Capital Group, LLC’s specialty lies in opaque asset classes in today’s markets providing solutions for investors to intelligently and efficiently integrate into a fully diversified portfolio.  

About EKG, LLC

EKG, LLC is a family investment partnership formed by the McGeorge Family of Richmond, Va. After successfully building and operating the second largest standalone RV dealership in the world, the McGeorge Family sold the business to a public company in the spring of 2017. The family has now turned its attention to investing in other small businesses and real estate. For inquiries, please contact Canal Capital Management.  

About Canal Capital Management

Canal Capital Management is a fully integrated wealth planning firm whose singular focus is on growing and protecting the wealth of its clients. Canal’s unique and integrated approach provides an array of services for their clients which includes: investment management, tax and financial planning, real estate management, business consulting and family office services. Canal Capital Management’s corporate office is located at 1401 E. Cary Street, Suite 401, Richmond, VA 23219. For more information, visit www.canalcapitalmanagement.com.

About Scout Hotel & Resort Management

Scout Hotel & Resort Management is a full-service, independent hotel management company with a track record of success in operating in seasonal resort markets and turning around underperforming properties. Offering a full range of management services for hotels and resorts located in the Eastern United States and Caribbean, Scout provides expertise in acquisition, finance, development, construction, operation, marketing, and sales. Its growing portfolio includes Harbor View Hotel and Kelley House Hotel on Martha’s Vineyard, Harborview Nantucket on Nantucket, Chatham Tides on Cape Cod, Clifton Inn in Charlottesville, and Ocean Gate Resort in Southport, Maine. Scout Hotel & Resort Management’s corporate office is located at 217 Clinton Avenue, Falmouth, MA 02540. For more information, visit www.scouthotels.com

About Woodmont Lodging, LLC

Woodmont Lodging, LLC, based in Bethesda, Md., is focused on the acquisition and advisory services of lodging properties across the chain-scale spectrum. Woodmont partners with investors looking to leverage Woodmont’s extensive industry and investment expertise through the firm’s aggressive asset management to ensure optimal revenue performance and stringent expense control to maximize flow through and the successful implementation of a strategic capital investment program. For more information, visit www.woodmontlodging.com.

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