TPG: Procaccianti Companies Acquires Newport Beach Hotel & Suites

PROVIDENCE, Rhode Island-Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisition of the Newport Beach Hotel & Suites. The Newport Beach Hotels & Suites consists of two buildings, the Historic property built in 1940 and the suite property built in 2008. The property features a rooftop deck, swimming pool, and a day spa. This acquisition also includes an additional parcel of land, allowing for further potential development [...]The post Procaccianti Companies Acquires Newport Beach Hotel & Suites appeared first on LODGING Magazine.