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Real Estate - Commercial

Downtown Landmark Graystone Inn Sells For Nearly $2M

By Cece Nunn, posted Jul 6, 2021
The Graystone Inn in downtown Wilmington changed hands recently in a nearly $2 million deal. (Photo courtesy of Landmark Sotheby's International Realty)
A landmark bed and breakfast in downtown Wilmington sold recently for nearly $2 million.

The Graystone Inn, built around 1905 at 100 S. Third St., will remain a bed and breakfast and event venue, said one of the new owners, Jamie Alfalla, of Alfalla Hospitality Group LLC.

Jamie Alfalla and her husband, Ace, who live in Wilmington, are majority partners in the venture.

A few of the rooms in the 11-room historical house are being restored and renovated, Jamie Alfalla said.

Recently, the inn’s remaining nine rooms have been fully booked.

“We were at full capacity this weekend over the holiday, and we’re at full capacity all the way to the middle and end of August,” Jamie Alfalla said Tuesday.

She said she and her husband, who have a marketing company with clients in the hospitality industry, “always had a dream of owning a bed and breakfast, so we're really excited about it. We're really excited about being able to add value to the city of Wilmington. Our daughter [Natalie] works there with us, which is awesome. She serves breakfast in the morning.”

Originally called The Bridgers Mansion, the home was built by Elizabeth Haywood Bridgers around 1905 to 1906. It was purchased in 2004 by Richard and Marcia Moore, and they sold it to Alfalla Hospitality on June 21 for $1.925 million, according to property tax records.

The listing agent was David Benford of Landmark Sotheby’s International Realty. 

The Graystone Inn was one of 42 luxury properties (those costing $1 million or more) to sell in New Hanover, Brunswick and Pender counties in June, according to a luxury market report by Wilmington-based Just For Buyers Realty.

In addition to hosting visitors and weddings, the inn has appeared in TV and film productions and hosted celebrities over the years, the report stated. 

Another downtown historical property, the Dudley Mansion, sold for $2 million in April, according to tax records and a StarNews story
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