15 APRIL 2024

HUNTER HOTEL ADVISORS ANNOUNCES SALE OF COURTYARD PROVIDENCE DOWNTOWN

Hunter Hotel Advisors ("HUNTER") today announces the sale of the Courtyard Providence Downtown. Rockbridge and DelMonte Hotel Group acquired the property in a joint venture on March 27, 2024, with HUNTER’s Senior Vice President, Spencer Davidson, representing the institutional seller.

The Courtyard provides 219 keys to the heart of Downtown Providence. Situated within Providence’s Capital Center, the hotel provides convenient access to key city landmarks, including the Providence Place Mall, Rhode Island Convention Center and historic Union Station Complex. Surrounded by a vibrant cityscape, the hotel benefits from nearby attractions such as Brown University, Johnson and Wales University, College Hill, Providence Performing Arts Center and the Amica Mutual Pavilion. Beyond Downtown Providence, guests enjoy exploring the Newport Mansions and Rhode Island's extensive coastline, which boasts over 400 miles of beautiful beaches.

“This acquisition marks an excellent opportunity for Rockbridge and DelMonte to capitalize on Providence's robust growth trajectory,” said Spencer Davidson, senior vice president of HUNTER. “With 219 keys, the Courtyard will undergo significant changes to recapture its positioning as a top performer in the market, and I couldn’t be more thrilled for both buyer and seller.”