A Hamptons Spa Has Become a $400,000-per-Month Rental Property

Shou Sugi Ban House, a 13-room spa and resort in the Hamptons on New York’s Long Island, had been open only a year when its owner Amy Cherry-Abitbol shut it down in March. “In the winter, we have a shorter schedule—it was Thursday through Sunday—but we were pretty much sold-out, which was shocking to me,” Cherry-Abitbol says. “And then, of course, the cancelations started trickling in, and then there was a flood of them.”

Today, the spa remains closed, even though a few rooms are provisionally booked for Memorial Day weekend. “We don’t have many [bookings] at all for later in the summer,” she continues, “because pretty much everything we had has been put on hold.”