Area’s Newest Savior Buys Again: This Time Kiptopeke Inn

Better days ahead for badly deteriorated Kiptopeke Inn. (Wave photo)

Better days ahead for badly deteriorated Kiptopeke Inn. (Wave photo)

Cape Charles Wave

June 13, 2013

Robert Occhifinto, the newest millionaire “come-here” to Northampton County, has done it again, purchasing yet another failed property near Cape Charles – this time the crumbling Kiptopeke Inn.

Built in 1963 as a Holiday Inn, the 104-room motel closed last September after going into receivership. Most recently it was owned by developer Nimrod Tavi.

The Kiptopeke Inn was listed for sale at $995,000, but Occhifinto has shown a penchant for offering pennies on the dollar. He bid $300,000 last year, but his offer was refused.

Robert Occhifinto (Wave photo)

Robert Occhifinto (Wave photo)

So Occhifinto waited, and more than six months later the owner apparently decided that $300,000 was better than nothing. The sale is expected to be completed soon.

That’s good news for the Kiptopeke Inn, as Occhifinto has already demonstrated that he’s no slumlord. Take a look at the now-gleaming Peacock Motor Inn which he rescued from disrepair last year.

The Peacock will always be for travelers on a budget, but the rooms are bright, clean, and nicely furnished.

Occhifinto, 51, is a New Jersey entrepreneur who made his fortune producing and marketing over-the-counter diet supplements. He is famous locally for purchasing Aqua Restaurant, Bay Creek Marina, and related properties last December for $4.6 million. [Read more…]