News

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Bain Capital and Smith Hill Capital Launch $1 Billion Private Lending Platform Dedicated to Serving the Hospitality Sector

BOSTON and NEW YORK – October 24, 2023 – 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 of deploying $1 billion of gross capital over the next several years.

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TPG Hotels & Resorts Selected to Manage Three Iconic Buffalo Properties

September 20, 2023 (Providence, RI)— TPG Hotels & Resorts, one of the nation's premier hospitality management firms, announced today it has been selected by Douglas Development to manage three upscale independent boutique properties in Buffalo, New York. The properties include The Richardson Hotel, The Roycraft Inn, and The Mansion on Delaware.

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Epum Holdings Selects TPG Marinas to Manage Marina Portfolio

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.

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Procaccianti Companies Expands Upscale Boutique Hotel Collection with Acquisition of the Presidents Quarters and Development of the Sabal House Savannah

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.

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Procaccianti Companies Acquires Newport Beach Hotel & Suites

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.

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Ben Perelmuter Named President & Chief Operating Officer of TPG Hotels & Resorts

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.

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Procaccianti Companies Forms Smith Hill Capital, LLC.,

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...

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Peachstate Hospitality Selects TPG Hotels & Resorts To Manage Portfolio

Premier Management Company adds 10 properties to portfolio with exclusive partnership agreement January 11, 2022 (Providence, RI)— TPG Hotels & Resorts, one of the nation's premier hospitality...

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Procaccianti Companies Expands Upscale Boutique Hotel Collection with Acquisition of The Chatham Wayside Inn on Cape Cod, MA

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. Procaccianti...

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TPG Hotels, Resorts & Marinas Expands Upscale Boutique Collection with Acquisition of Three Florida Keys Resorts

Fisher Inn Resort & Marina, Hadley House Resort & Marina, and Parmer’s Resort & Marina add to the firm’s growing national portfolio of upscale independent boutique hotels, resorts, and...

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TPG Hotels, Resorts & Marinas Selected to Manage The Kimpton Overland Airport Hotel in Atlanta, GA

Acron USA selects TPG to manage flagship Atlanta airport hotel adjacent to the Porsche Experience Center Atlanta. TPG Hotels, Resorts & Marinas, one of the nation’s premier hospitality management...

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Hotel Business Exclusive - FEB. 2, 2022

Read exclusive coverage by Hotel Business of TPG Hotel, Resorts & Marina's acquisition of Marshall Hotels.

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TPG Hotels, Resorts & Marinas Accelerates Third-Party Management Platform with Acquisition of Marshall Hotels & Resorts

TPG Hotels, Resorts & Marinas (TPG), one of the nation's premier hospitality firms, today announced an "acquisition of equal talents and minds" with the addition of Marshall Hotels and Resorts, a...

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TPG Hotels, Resorts & Marinas Accelerates Northeast Marina Platform with the Acquisition of Conanicut Marina And Taylor Point Boat Yard

Iconic facilities in Jamestown, RI add to the firm’s expanding portfolio of marinas and nautically-based hospitality assets. December 28, 2021 (Providence, RI) – TPG Hotels, Resorts & Marinas, one...

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Industry Veteran Tim Muir Joins Rapidly Growing TPG Hotels, Resorts, & Marinas as Chief Development Officer

July 20, 2021 (Providence, RI) — TPG Hotels, Resorts & Marinas, one of the nation's premier hospitality management firms, announced today that Tim Muir joined the company as Chief Development...

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TPG Hotels, Resorts & Marinas Accelerates Marina Platform with the Acquisition of Dandfords Hotel, Marina & Spa In Port Jefferson, New York

Danfords Hotel, Marina & Spa adds to the firm’s expanding portfolio of boutique, independent, and nautically-based hospitality assets – property to undergo substantial room and modernization...

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TPG Hotels, Resorts & Marinas Acquires Dutch Harbor Boat Yard Located in Jamestown, RI

The firm adds full-service boating maintenance, service and storage facility to its growing portfolio of marine-based real estate and nautically-anchored hospitality assets. June 28, 2021...

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TPG Hotels, Resorts & Marinas Acquires the Historic Sherburne Inn in Nantucket, MA

The Sherburne Inn Nantucket adds to the firm’s expanding portfolio of upscale, historic, and one-of-a-kind destinations known as the Nantucket Resort Collection. June 28, 2021 (Providence, RI) –...

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TPG Hotels & Resorts Acquires Iconic Block Island Marina Hotel

TPG Resorts & Marinas, an affiliate of Procaccianti Companies, the nation’s premier privately-held real estate investment and services organization, today announced that it has acquired the iconic...

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Procaccianti Companies Acquires Historic Nantucket Bed and Breakfast

The Regatta Inn adds to the Firm’s growing presence on Nantucket and further expands it national portfolio of upper-upscale boutique and independently branded hotels Friday November 25, 2019...

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TPG Hotels & Resorts to Manage Two (2) San Francisco Bay Area Hotels

TPG Hotels & Resorts, the hospitality management affiliate of Procaccianti Companies, today announced that it has assumed management of two landmark Northern California hotels: The Lodge at Tiburon...

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Procaccianti Companies Acquires Hampshire Hospitality Holdings, LLC

Procaccianti Companies Acquires Hampshire Hospitality Holdings LLC, Assumes Operations of Mill Falls Resort on Lake Winnipesaukee in Meredith, NH Monday April 29, 2019 (Providence, RI) –...

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Procaccianti Companies Acquires Two Boutique Hotels in Nantucket's Historic Downtown

Procaccianti Companies today announced the acquisition of The Veranda House Hotel Collection which consists of two adjacent boutique hotels totaling 29 guestrooms. Located on renowned Nantucket...

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TPG Hotels & Resorts Selected to Manage the Doubletree by Hilton Atlanta Roswell, GA

(October 2018) DoubleTree by Hilton Hotel Atlanta – Roswell is 15 miles north of downtown Atlanta in historic Roswell, GA. Minutes from corporate office parks, the hotel is close to such companies as...

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Fully Renovated Fairfield Inn & Suites Now Open at T.F. GREEN Airport

The former Comfort Inn Warwick receives a complete top-to-bottom transformation with new style, new brand, new energy and exclusive airport connectivity. May 1, 2018 (Providence,RI) –...

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Residence Inn Providence Advancing Towards Vertical Construction Phase

With budgets, agreements, permits, approvals, and financing secured – developers of the City’s newest upscale hotel preparing site for vertical construction set to commence in 90-120 days February...

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TPG Hotels & Resorts Adds the Post Card Inn St. Pete Beach to National Portfolio

OCTOBER 23, 2017
(October 2017) – Procaccianti Companies, the nation’s premier privately-held owner & developer of quality hospitality assets, announced it has acquired the 196-room Post Card Inn located at 6300 Gulf...

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Procaccianti Companies / TPG Hotels & Resorts on Pace for Record 2017

(October 2017) Providence, RI – Procaccianti Companies, the nation’s premier privately-held owner & developer of quality hospitality assets, today announced it completed three acquisitions, inked...

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TPG Hotels & Resorts Adds Staybridge Suites St.Petersburg FL to it's National Portfolio

Procaccianti Companies, the nation’s premier privately-held owner & developer of quality hospitality assets, today announced the acquisition of the Staybridge Suites St. Petersburg...

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TPG Hotels & Resorts Adds Springhill Suites Wilmington, NC to it's National Portfolio

TPG Hotels & Resorts adds Springhill Suites Wilmington, NC to its National Portfolio The Firm Adds 120-Room Property to its Expanding Portfolio of Select-Service Hotels July 2017 – Procaccianti...

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AC Hotel by Marriott San Jose Downtown Earns LEED Gold Certification

September 2017 — Procaccianti Companies, a privately-held real estate investment and management company, today announced the AC Hotel by Marriott San Jose Downtown has been certified as a LEED...

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Providence's Only Waterfront Hotel to be Rebranded as Hilton Garden Inn Providence

PROVIDENCE, RI – (APRIL 14, 2016) – TPG Hotels & Resorts, the industry’s premier hospitality management company, today announced that the Wyndham Garden Providence hotel is in the process of being...

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TPG Hotels & Resorts to Co-Develop/Operate First Moxy Hotel in Washington, DC

PROVIDENCE, RI — TPG Hotels & Resorts announced today that it has been selected to operate the first Moxy hotel in Washington, DC. In coordination with Owner/Developer Douglas Development Corporation...

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The First Pullman-Branded Hotel in North America

PROVIDENCE, R.I.–(BUSINESS WIRE)–TPG Hotels & Resorts announced today that it has been selected as third party operator of the first Pullman-branded hotel in North America – the Pullman Miami. In the...