Specialties: Weekly cottages overlooking the Atlantic Ocean! Established in 1962. At the turn of the Century, a grand hotel was built on the property known as the Ocean Wave. In 1962 the hotel burned to the ground and was replaced with 17 small white cottages. The property has been known for years as the Crown Colony Cottages. In 2016 the property was purchased for the Philbrick Family. Th...Specialties: Weekly cottages overlooking the Atlantic Ocean! Established in 1962. At the turn of the Century, a grand hotel was built on the property known as the Ocean Wave. In 1962 the hotel burned to the ground and was replaced with 17 small white cottages. The property has been known for years as the Crown Colony Cottages. In 2016 the property was purchased for the Philbrick Family. The Philbrick Family arrived in Rye in 1640. The cottages are being completely rebuilt and will feature central air conditioning, hardwood floors, private bedrooms and full modernized kitchens.see more