If you thought that The Surf Lodge in Montauk was going to shut down, think again. There’s a new nightclub king in town and his name is Michael Walrath.

Read about Chef Sam Talbot leaving the Surf Lodge

Attorney Michael Horn, the business attorney representing Montauk Properties LLC, which is the legal entity that bought the property announced today in a statement that Internet media mogul Michael Walrath has purchased the Surf Lodge for an undisclosed price.

Michael Walrath said, “We acquired The Surf Lodge with a vision for improving and refining the experiences for all our guests. Montauk has been an amazing culture and community and we think the Surf Lodge has an opportunity to play a vital role in the community. For me, Montauk is about family, fishing, surfing and all-around good people. I have four kids and I want them to grow up with the types of values Montauk has to offer.”

Montauk Properties LLC has also retained Jayma Cardoso, an original owner of the Surf Lodge to continue as a manager of the night club.