February 27, 2019
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 Island (MA), The Veranda House and Chapman House are located at 3 Step Lane within the heart of Nantucket’s historic downtown. Nantucket is an unparalleled luxury tourist destination who’s 82 miles of beaches and multitude of high-end boutiques and world class restaurants draw more than 400,000 visitors annually. The hotels have an ideal in-town location within walking distance of the island’s ferry terminals, beaches, art galleries, historical landmarks and well-known restaurants.Veranda House, which was built in 1684 and most recently renovated in 2007, offers 18 guest rooms and a gourmet continental breakfast daily. Additional amenities include personal verandas, evening turndown service, beach amenities, complimentary Wi-Fi, and concierge services. Originally built in 1830, Chapman House features 11 guestrooms renovated in 2012. Chapman House also offers gourmet continental breakfast daily as well as concierge services, beach amenities and complimentary Wi-Fi.
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 160 cities across 31 states coast to coast.