This November, Radisson Providence Airport Hotel, a newly renovated, full service, airport hotel optimally located in Warwick, Rhode Island, will be auctioned through the online commercial real estate platform, RealINSIGHT Marketplace.
The offering, presented by Berkadia and RealINSIGHT Marketplace, represents a compelling opportunity to acquire a value-add opportunity with built-in operational efficiency upside.
The Radisson Providence Airport Hotel recently completed a comprehensive $2.5 million renovation and now offers the newest rooms product in its competitive set, requiring minimal change of ownership PIP expenses for a new owner. Additionally, it provides the compelling upside in revenue management and operational efficiencies.
About the Property:
- 112 Rooms
- Full Service
- Built in 1989, Renovated in 2019
- Unencumbered of Management
About the Location:
- Strategically Located Off Interstate 95
- Tremendous Access to Downtown Providence
- Optimally Located in an Exciting Redevelopment Area
The Radisson Providence Airport Hotel has an unparalleled location right off Interstate 95, which is adjacent to TF Green Airport and Interlink. Being located so close to downtown Providence allows the Radisson to benefit from the capital of Rhode Island’s vast demand generators. The bustling city’s cultural, culinary, and historical attractions, internationally renowned colleges and universities, and notable corporations.
The Auction will be held on RealINSIGHT Marketplace on Monday, November 18, 2019–Wednesday, November 20, 2019.
For more information on the Radisson Providence Airport – Warwick, RI
Please visit www.ri-marketplace.com/warwick
Dan Hawkins
Berkadia
(240) 204-5139
dan.hawkins@berkadia.com
Mark Morris
Berkadia
(240) 204-5127
mark.morris@berkadia.com
Kyle Stevenson
Berkadia
(703) 888-6578
kyle.stevenson@berkadia.com
