Hunter Advisors has arranged the sale of Hotel Providence, an independent boutique hotel located in downtown Providence’s Arts & Theatre District. The transaction was brokered by Spencer Davidson, SVP, Hunter Advisors.
Originally built in 1882 and restored as a boutique hotel in 2005, the 80-room, seven-story hotel integrates three historic buildings and offers approximately 5,498 sq. ft. of meeting and event space, Backstage Kitchen + Bar, outdoor event areas and a fitness center.
The property offers walkable access to many of downtown Providence’s leading cultural, entertainment, convention, academic and medical demand drivers. Nearby attractions include the Providence Performing Arts Center, Amica Mutual Pavilion, Rhode Island Convention Center, Westminster Street’s retail and dining district, Brown University, Johnson & Wales University, Providence College, Rhode Island College and several major healthcare institutions.
“Hotel Providence has been a fixture in the downtown market for years, and we’re pleased to have represented its sale to a local buyer,” said Davidson. “There was meaningful interest in the opportunity, which speaks to the strength and resilience of the Providence lodging market. We’re confident the new ownership is well-positioned to continue the hotel’s success. This transaction also marks our second hotel sale in the Providence market within the past two years, further reinforcing our team’s experience and relationships in the region.”
Providence benefits from a diverse economic base supported by major corporate headquarters, higher education, healthcare, tourism and convention activity. The metropolitan area is home to companies including CVS Health, United Natural Foods, Hasbro, Citizens Financial Group, Amica Mutual Insurance, FM Global and Textron. Rhode Island T.F. Green International Airport is about 10 miles from the hotel.
