posted on October 16, 2012 13:33
Cape Cod Times - By ROBERT GOLD
October 16, 2012
COTUIT — The owner of a Mashpee motel was the winning bidder for The Regatta, a fine dining restaurant in Cotuit that closed last month.
Peter Menounos, who owns the Santuit Inn in Mashpee, said he placed a successful bid of $555,000 last week for the Route 28 restaurant. He said the deal for the property hasn't been closed yet.
The Cotuit resident said he's in the process of figuring out what type of restaurant he will open in the building.
"It remains to be seen exactly what it will be," he said.
The Regatta was originally opened about 30 years ago by Brantz Bryan.
Weldon Fizell, the most recent owner and chef, bought the Regatta about six years ago. He closed the restaurant last month, notifying people on the restaurant's Facebook page with a posting that said "it is hard to believe the ride has ended."
According to the website of Daniel P. McLaughlin & Co., a Boston-based auctioneer, the auction was held Oct. 11. The property includes three dining rooms, a 14-seat bar, patio dining area, a kitchen, two other rooms and parking for about 50 cars.
The auctioneer did not return a call seeking comment.
Menounos said he hasn't decided whether to keep the Regatta as the restaurant's name. That may be determined on the style of restaurant. Regardless of what Menounos chooses, he said he won't re-open until the spring.
Any renovations won't alter the style or "gorgeous charm" of the building, he said.
"I'm not looking to corrupt the integrity of the property at all," he said.
Five years ago, the business owner bought the Santuit Inn, which is a short drive along Route 28 from the the Regatta building.
Menounos said his partner in the Cotuit restaurant is Paul Roiss, a Boston real estate developer who also co-owns several restaurants such as Mistral, a French cuisine restaurant in Boston's South End, and Mooo, a steak house on Beacon Hill.