PROCACCIANTI COMPANIES ACQUIRES HISTORIC NANTUCKET BED AND BREAKFAST

November 25, 2019

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 (Providence, RI) – Procaccianti Companies (Est. 1958), a second generation privately-held real estate investment and hospitality services organization, today announced that it has acquired The Regatta Inn located at 78 Centre Street, Nantucket, MA. The Regatta Inn boasts finely appointed guestrooms steps away from Nantucket’s quintessential downtown.
 
“This acquisition presented an extremely rare opportunity to acquire a spectacular property in one of the highest barrier to entry markets in the United States. The Regatta Inn is widely recognized as the one of the top bed & breakfasts on Nantucket and has benefited from excellent management and recent capital investments” states James Procaccianti, President and Chief Executive Officer of Procaccianti Companies. “The Regatta Inn has earned an exceptional reputation for delivering extraordinary guest service and high-quality amenities. We are extremely proud to be the next curators of this irreplaceable property.”
 
This distinctive and historic Federal-style mansion was completely reconstructed, remodeled and refurnished in 2013-2014, giving each guest room an enlarged, spa-like Carrera marble and white-tiled en-suite bath, with subway-tiled showers and frameless glass doors, rainfall shower heads, and custom cabinetry and fixtures. Each bedroom also features stunning furnishings by Serena & Lily and Restoration Hardware, sumptuous pillow top mattresses and Matouk fine linens; exclusive Frette towels and cozy robes, in-room refrigerators, and stunning modern decor.
 
The Regatta Inn is just a short walk to island ferries, shops, galleries, restaurants, museums, theaters, island shuttle buses, and several spectacular beaches. For more information about this celebrated property, please visit www.TheRegattaInn.com.
 
About Procaccianti Companies

Procaccianti Companies is one of the largest and most respected privately-held real estate investment and services firms in the United States. Founded in 1958, our successful track record spans over six decades and our experience includes thousands of transactions representing more than $10 billion of diversified real estate investments. We are a vertically integrated alternative asset manager with a broad national platform having owned, developed, managed or financed investment real estate in more than 140 cities across 32 states coast to coast.
 
About TPG Hotels & Resorts

TPG Hotels & Resorts is an operator of high quality independent and branded hospitality assets across all chain scales. The firm’s historical operating platform is approaching 200 branded, independent and boutique hotels comprising more than 32,000 guestrooms in 32 states.