Pyramid Global adds to management portfolio

Pyramid Global Hospitality added the Wayfinder Newport hotel in Newport, R.I., to the company’s management portfolio. Continuing a longtime partnership with Dovetail + Co, owner of the Wayfinder Newport, Pyramid Global has assumed management of the 197-room hotel with immediate plans underway to rebuild and revitalize the property.

“We are pleased to welcome the Wayfinder Newport to Pyramid Global’s Luxury & Lifestyle collection of world-renowned properties and to extend our footprint into the beautiful state of Rhode Island,” Chris Devine, chief investment officer, Pyramid Global Hospitality, said in a statement. “We look forward to partnering with the fantastic team at Dovetail + Co to reinvigorate this remarkable property.”

First opened in 2020, the Wayfinder Newport is a boutique hotel developed with local chefs, bartenders, artists, designers and entrepreneurs. Two years after its opening, the Wayfinder Newport suffered extensive damage in a catastrophic fire. In close collaboration with Dovetail + Co, Pyramid Global intends to support the current restoration of the property with plans to reopen a portion of the hotel this summer and the rest to follow this fall.