Procaccianti Group proposes extended-stay hotel for downtown Providence, R.I.

A vacant building in downtown Providence, R.I., may soon become an extended-stay hotel. The Procaccianti Group is expected to announce plans for the 170-room project, right across the street from the Rhode Island Convention Center and the Dunkin’ Donuts Center, reports the Providence Journal.

Paul Sacco, CDO for PGI Hospitality, said the project “represents a $40-million private investment in Providence.”

If the hotel comes to fruition, it will reportedly be the city’s first hotel since the Dean, a 65-room hotel, which opened earlier this year, the Journal reports.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The Procaccianti Group has owned the three-story building at 111 Fountain St. for nine years. The company purchased the building in 2005 for a reported $2.3 million from local developer.

The Procaccianti Group, based in Rhode Island, has been bullish on Providence of late. In January of last year, it acquired the 264-room Renaissance Providence Hotel from Sage Hospitality. Financial terms were not disclosed.

Read more on

Suggested Articles

The survey is open through June 17 and results will be published in the August issue of Hotel Management. 

The company has taken “substantial steps” to preserve liquidity and mitigate the impact of the current extremely low levels of demand.

The company believes its long-term focus, disciplined capital allocation strategy and targeted actions will help it weather the storm.