procaccianti companies
Procaccianti Companies Expands Upscale Boutique Hotel Collection With Acquisition of the Presidents’ Quarters and Development of the Sabal House
Procaccianti Companies | June 1, 2023
June 1, 2023 (Providence, RI) – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisition of the Presidents' Quarters and development of the Sabal House Savannah. The project is a joint venture with Kim King Associates and Ross Hotel Partners. When complete, the 62-room upscale boutique hotel will comprise 20 oversized luxury rooms and suites from the 150-year-old Historic Presidents' Quarters combined with 42 rooms from a new construction modernized building connected through a beautiful outside courtyard linking the two properties. "Blending a 150-year-old historic in...
Procaccianti Companies Acquires Newport Beach Hotel & Suites...
Procaccianti Companies | April 11, 2023
April 11, 2023 (Providence, RI) – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisition of the Newport Beach Hotel & Suites. The Newport Beach Hotels & Suites consists of two buildings, the Historic property built in 1940 and the suite property built in 2008. The property features a rooftop deck, swimming pool, and a day spa. This acquisition also includes an additional parcel of land, allowing for further potential development opportunities. The property will be managed by the firm’s hospitality management affiliate, TPG Hotels & Resorts. "The acquisi...
Procaccianti Companies Expands Upscale Boutique Hotel Collection With Acquisition of the Chatham Wayside Inn on Cape Cod...
Procaccianti Companies | March 31, 2022
Providence, RI– March 31, 2022 – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisition of The Chatham Wayside Inn, located at 512 Main Street, Chatham, Massachusetts, in the heart of historic Cape Cod. The 56-room independent property will be managed by Procaccianti's hospitality management affiliate, TPG Hotels, Resorts & Marinas. CBRE Hotels acted as exclusive advisor to the seller; purchase price and details regarding the transaction will not be disclosed. "The acquisition of this property in world-famous Cape Cod (MA) aligns perfectly with our st...
Procaccianti Companies Acquires Three Florida Keys Properties...
Procaccianti Companies | March 17, 2022
Providence, RI – March 17, 2021 – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisitions of three independent resort properties located in the Florida Keys; Parmer's Resort & Marina located on Little Torch Key and the Hadley House and Fisher Inn both located on Islamorada, Florida. The properties will be managed by Procaccianti's hospitality management affiliate, TPG Hotels, Resorts & Marinas. "The acquisition of these properties in the Florida Keys aligns perfectly with our strategic growth plan in the upscale boutique, independent, and marina s...
Procaccianti Companies Completes Acquisition of The Lodge at Tiburon and Toll House Hotel located in Los Gatos...
Procaccianti Companies | August 22, 2019
Wednesday August 22, 2019 (Providence, RI) - Procaccianti Companies, the second generation privately-held real estate investment and hospitality services organization, today announced that it has acquired two landmark Northern California hotels: The Lodge at Tiburon and Toll House Hotel located in Los Gatos. Together, the hotels comprise 228 guest rooms and suites, approximately 6,500 sf of meeting space and multiple food and beverage offerings. “This acquisition presented an extremely unique opportunity to acquire a collection of well- positioned assets in high-barrier-to-entry markets that are supported by their superior locations, rec...
Procaccianti Companies Acquires The Postcard Inn on The Beach in St. Pete Beach, Florida...
TPG Hotels & Resorts | November 15, 2017
TPG Hotels & Resorts to Manage Hotel Cranston, R.I., November 15, 2017 — Procaccianti Companies, the nation's premier privately-held owner & developer of quality hospitality assets, today announced the acquisition of the 196-room Postcard Inn on The Beach in St. Pete Beach, Fla., for an undisclosed amount. TPG Hotels & Resorts, Procaccianti Companies' wholly owned operating company, will manage the property. This marks the 5th acquisition completed this year, putting the company on track for a record year in 2017. "With its irreplaceable beachfront location, the Postcard Inn is a wonderful addition to our national port...
Boston Marriott Newton Completes Extensive Multi-Million Dollar Renovation...
TPG Hotels & Resorts | September 7, 2017
NEWTON, Mass., Sept. 7, 2017 -- In its 48th year, the Boston Marriott Newton Hotel announces the completion of an extensive, multi-million dollar interior renovation. Started nearly a year ago, the large-scale renovation was designed to offer a unique guest experience by blending historic elements with contemporary flair. The Hotel is operated by TPG Hotels & Resorts, the hospitality management affiliate of Procaccianti Companies and owned by Chesapeake Lodging Trust. "We are thrilled to see this major undertaking come to an end and proud of our new look," said Christopher Allen, General Manager of the Boston Marriott Newt...
