Dovetail + Co acquires Mainstay Hotel in Newport, R.I.

The Mainstay Hotel & Conference Center is located near the Naval Station Newport in Newport, R.I. Photo credit: Mainstay Hotel & Conference Center (Hotel developer Phil Hospod announced the launch of hotel ownership and development company Dovetail + Co. alongside the company's first hotel acquisition.)

Hotel developer Phil Hospod announced the launch of hotel ownership and development company Dovetail + Co. The company’s first acquisition, in partnership with JEM Holdings, is the Mainstay Hotel in Newport, R.I., a 200-room full-service hotel with onsite restaurant and pool. Dovetail plans to renovate the property.

Led by Hospod, Dovetail enlisted creative design studio Reunion Goods & Services to reimagine the hotel's guestrooms and public areas.

“Our goal is to create a fun and comfortable experience for visitors and locals that leans on Newport’s past, but celebrates its present—here and now,” Hospod said. “A friendly home base, where people can mingle, relax, and enjoy great food, but also get inspired to discover everything we love about Newport—all within minutes of the hotel.”

Located in North Newport, the Mainstay Hotel is convenient to downtown Newport and the Naval Station Newport, a U.S. Navy base with approximately 5,800 employees and 17,000 students.

Mikael Levey is the founder, owner and CEO of JEM Holdings, a New York City-based real estate investment company founded in 2013.