Pyramid Global Hospitality has added Wayfinder Newport in Newport, RI, to the company’s management portfolio. Continuing a longtime partnership with Dovetail + Co, owner of the property, the company 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,” said Chris Devine, chief investment officer, Pyramid Global Hospitality. “We look forward to partnering with the fantastic team at Dovetail + Co to reinvigorate this remarkable property.”
Two years after its opening in 2020, the Wayfinder Newport suffered extensive damage in a 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.
The addition of Wayfinder Newport to Pyramid Global Hospitality’s extensive portfolio supports a growing relationship with ownership team at Dovetail + Co as the two companies also own and operate Cambridge Beaches Resort & Spa in Bermuda.
“Wayfinder Newport has a special place in Dovetail’s heart as our first property,” said Phil Hospod, founder/CEO, Dovetail + Co. “We love Rhode Island as a second home. We are eager to open our doors again, continue contributing to this dynamic community, and excited to build a great team with Pyramid Global that shares our appreciation for this beautiful state.”