2019 TRANSACTION REVIEW
Procaccianti Companies was an active acquirer and seller of real estate throughout 2019. We are pleased to announce that we completed approximately $650 million of transaction volume and were ranked by Hotel Business® as America’s sixth largest privately-held hotel owner and developer.
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To learn more about the below, please contact:
Bill Lowe, Vice President of Capital Markets at 561-440-2075 or wmlowe@procaccianti.com.
The Chapman House Hotel
Nantucket, MA
February 2019: Procaccianti Companies acquired Chapman House. Originally built in 1830, the Chapman House is located within historic downtown Nantucket, Massachusetts.
ONE11 French Quarter Hotel
New Orleans, LA
February 2019: Procaccianti Companies commenced construction to convert a former sugar factory located within the French Quarter New Orleans into an 82 room luxury hotel.
The Veranda House Hotel
Nantucket, MA
February 2019: Procaccianti Companies acquired Veranda House, which was built in 1684. The Veranda House is located within historic downtown Nantucket, Massachusetts.
Westin Hotel
Fort Lauderdale, FL
February 2019: Procaccianti Companies recapitalized The Westin Fort Lauderdale. The Westin offers 265 rooms and 33 luxury suites.
AC Hotel
San Jose, CA
March 2019: Procaccianti Companies sold the AC Hotel San Jose. Catering to Silicon Valley, the AC Hotel is located in downtown San Jose, California.
Mill Falls Resort at the Lake
Meredith, NH
April 2019: Procaccianti Companies acquired Hampshire Hospitality Holdings, a collection of hospitality assets totaling 171 rooms in Meredith, New Hampshire.
Marriott Ft. Lauderdale North Hotel
Fort Lauderdale, FL
June 2019: Procaccianti Companies sold the Marriott Fort Lauderdale. The Marriott North offers 311 guest rooms and 4 suites located moments away from top area destinations..
Stonegate & Mandalay Villas Apts.
Atlanta, GA
June 2019: Procaccianti Companies sold two Atlanta-suburb luxury apartment complexes; Stonegate at Eagle’s Landing (167 units) and Mandalay Villas Apartments (300 units).
The Lodge at Tiburon
Tiburon, CA
August 2019: Procaccianti Companies acquired The Lodge at Tiburon. The lodge offers 103 guest rooms in a unique location which overlooks the San Francisco Bay.
The Toll House Hotel
Los Gatos, GA
August 2019: Procaccianti Companies acquired The Toll House Hotel. The 115-room Toll House Hotel offers a scenic location at the base of the Santa Cruz Mountains.
Residence Inn Providence Hotel
Providence, RI
September 2019: Procaccianti Companies completed construction the 176-room Residence Inn Downtown Providence Hotel. The hotel opened in September 2019.
Holiday Inn Hotel Hartford – East
Hartford, CT
September 2019: Procaccianti Companies sold Holiday Inn Hartford. Located in an upscale corporate office park, the hotel is walking distance to downtown.
The Regatta Inn Hotel
Nantucket, MA
November 2019: Procaccianti Companies acquired The Regatta Inn adding to the firm’s Nantucket portfolio. The Regatta Inn is a boutique hotel located in the heart of Downtown Nantucket.
DoubleTree Hotel
Paradise Valley, AZ
December 2019: Procaccianti Companies sold The DoubleTree Paradise Valley Resort & Spa. The hotel has 378 Guestrooms and recently completed a comprehensive renovation.
Hilton Hotel Resort & Spa
Scottsdale, AZ
December 2019: Procaccianti Companies sold the Hilton Scottsdale Resort and Villas. The hotel has a resort-style pool, outdoor lounge, 185 guestrooms and 35 detached villas.
EMCAP Lending
Procaccianti Affiliate Co.
December 2019: Procaccianti Companies partnered with an institutional lender to provide a $100mm facility to EMCAP Lending, Procaccianti’s private lending and strategic credit platform.
Since inception in 1958, Procaccianti Companies has owned, operated,
developed or financed over $10 billion of real estate assets
throughout the United States.