BOSTON and NEW YORK – Bain Capital Special Situations (“Bain Capital”) and Smith Hill Capital (“Smith Hill”), an affiliate of Procaccianti Companies, today announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector.  The platform launches with the objective […]

Premier Management Company adds six marinas to marina management platform TPG Hotels & Resorts, and its marina management affiliate, TPG Marinas, one of the nation’s premier marina management companies, announced today they have assumed management of six east coast marinas for Epum Holdings. “Epum Holdings is a leading private commercial real estate developer in our […]

Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the acquisition of the Presidents’ Quarters and the 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 […]

Historic Property adds to the firm’s growing national portfolio of upscale independent boutique hotels 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 […]

March 22, 2023 (Providence, RI)— TPG Hotels & Resorts, one of the nation’s premier hospitality management firms, announced today the appointment of Ben Perelmuter to President & Chief Operating Officer. Perelmuter will oversee the operational performance of TPG’s entire hospitality portfolio. “I am excited and motivated to join the TPG Hotels & Resorts team,” said […]

Hires Industry Veteran Brendan McCormick as Managing Principal to lead the Firm’s Growing Credit Platform December 20, 2022 (Providence, RI) – Procaccianti Companies, one of the nation’s premier… Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the hiring of Brendan McCormick, to lead Procaccianti’s private credit platform, Smith […]

Located in the heart of Cape Cod, Massachusetts, The Chatham Wayside Inn adds to the firm’s growing national portfolio of upscale independent boutique hotels, resorts, and marinas. March 31, 2021 (Providence, RI) – Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the acquisition of The Chatham Wayside Inn […]

TPG Hotels, Resorts & Marinas, one of the nation’s premier hospitality management firms, announced today it was selected to manage the Kimpton Overland Airport Hotel located at Two Porsche Drive, Atlanta, GA. The 214-room, full-service property boasts 7,000 square feet of meeting space, a full-service restaurant, and a rooftop bar overlooking the Porsche Experience Center […]

Warwick, Rhode Island – Neon Marketplace, the newest and most innovative brand in the convenience store industry, opened its doors in its new 5,500 sq ft location in Warwick, RI that also features 900 sq ft of outdoor seating with heatlamps. The marketplace offers a full menu of fresh, on-the-go food and beverage items, such […]