PROVIDENCE, R.I., August 17, 2005 � The Procaccianti Group (TPG), announced
preliminary conversion work is underway to turn the Holiday Inn Downtown
Providence to The Hilton Hotel Providence. The complete interior
and exterior renovation will include the resurfacing of the exterior, a
reconfiguration of the main lobby, a three-story glass atrium to be used
as a pedestrian-oriented retail space on the Fountain Street side of the
building, an outdoor terrace and increased landscaping.
�This conversion to a Hilton brand
is very exciting for our company,� said James A. Procaccianti, President
and Chief Executive Officer of The Procaccianti Group. �Hilton
is an outstanding company to work with and the cache that comes from being
involved with such a respected brand is invaluable.�
�We're very excited about the Hilton being developed in Providence,
R.I. -- the brand's first in the city," said Tom Keltner, president, brand
performance and development group, Hilton Hotels Corporation. "As
important, this hotel will offer an exciting sense of place and meet the
highest standards of the Hilton brand in both product quality and guest
service. We're delighted our already strong relationship with the
Procaccianti Group is being strengthened and expanded.�
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Holiday Inn Downtown Providence
21 Atwells Ave.
Providence, Rhode Island |
The Holiday Inn/Hilton conversion is another step forward in the building
of the Providence Power Block. This project, along with the work
slated to begin soon on The Westin Providence and The Residences at The
Westin Providence, contribute significantly to the revitalization currently
occurring in Providence.
�I congratulate The Procaccianti Group on another major project for
Providence. This conversion will boost tourism and conventions, providing
new economic activity and well-deserved relief for property tax payers,�
said Mayor David N. Cicilline. �Also, a revived facility at the end of
the Sabin Street �power block� will spur more development at an important
location that connects our downtown neighborhood to Federal Hill.�
The project is expected to be completed by Fall, 2006.
About the Procaccianti Group
Operating for nearly 50 years, the Procaccianti Group, (www.procgroup.com),
is a full-service, privately owned, real estate company that acquires,
manages and renovates upscale full-service hotels. The award-winning
company is engaged in hotel and commercial property acquisitions, property
management, hotel construction and design. TPG, which has been recognized
by Hilton, Intercontinental and other major franchisors for its leading
hotels, is involved in all aspects of the hotel industry, from finance
sourcing, construction and design, to ownership and management. The
Cranston, Rhode Island-based company owns and manages 32 hotels comprising
nearly 8,000 rooms, as well as more than half a million square feet of
meeting and conference space.
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