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Sage Hospitality Resources Opens the 272 room Renaissance Providence Hotel;
Completes $100 million Restoration of the 78 Year Old Masonic Temple


 

PROVIDENCE, R.I.- October 2, 2007 - The new Renaissance Providence Hotel has officially opened and the long-awaited transformation of the majestic 78-year old building is now complete. 

Developer Sage Hospitality Resources invested nearly $100 million in the Renaissance Providence Hotel, representing the most ambitious historic restoration ever undertaken in the history of Rhode Island. Renovation began in May 2004. The building, which was to have been the Masonic Temple had construction begun in 1928 been completed, was listed on the National Register of historic places in 1993 in recognition of its status as masterpiece of Neo-Classical architecture. The primary historic facades of the building have been fully retained and meticulously restored, while the interior has been transformed with the modern elegance and technology demanded by today’s top-tier hotel guests and event planners. 

“We are pleased to announce that our doors are officially open, and we are welcoming our guests,” said Angelo De Peri, General Manager of Renaissance Providence Hotel. “Our well-trained team of associates is ready to ensure that each and every stay at the Renaissance Providence Hotel is inspired, and the new building, now that it is complete, is nothing less that a masterpiece.” 

The Renaissance Providence Hotel, which makes exceptional service a primary goal, features 272 guest-rooms, 10,000 square feet of elegant meeting space, an independent destination restaurant and lounge, fitness center and a 49-room club level as well as a dramatic theater-like lobby with stunning views of the neighboring Rhode Island State House. A nine-story addition houses guest rooms and the conference/ballroom space and links the hotel with the VMA Arts and Cultural Center, home to the Rhode Island Philharmonic, Festival Ballet and Opera Providence as well as many fine arts performances. 
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Renaissance Providence Masonic Temple

The 8-story building, which covers a 17,340-sq-ft footprint, had never been completed nor occupied since the Great Depression, and sat vacant for the last 75 years. Sage Hospitality Resources developed a plan to preserve the façade of the building and construct a luxury hotel within the shell of the existing structure.

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For those in the know, the Renaissance Providence Hotel promises to be the place to meet, dine, stay, and experience the arts of Providence. For more information visit www.renaissanceprovidence.com. 

Renaissance Hotels & Resorts is an upscale brand providing full-service accommodations with local flair to discriminating business and leisure travelers at more than 140 properties in 28 countries. The brand’s presence is strong in the U.S. and worldwide, with approximately half of its properties in North America and half throughout Europe, South America, the Caribbean, the Middle East and Asia. 

Founded in 1984, Sage Hospitality Resources has strategically grown into the largest privately held hotel management and development company in the nation and is recognized as a leading innovator in the field. During the past eight years, the Denver, CO-based firm has completed over $600 million in acquisition and development projects, using some of the most unique financing structures in the industry. Sage Hospitality’s comprehensive management portfolio includes major international brands as well as independent boutiques and hotels. In 1997, Sage Hospitality pioneered the company’s urban redevelopment initiative converting the blighted Joslin’s department store in downtown Denver into a showplace Courtyard by Marriott. Since then, Sage Hospitality has preserved and transformed five additional, underutilized national landmark buildings into award-winning hotel properties that serve as an important catalyst for downtown revitalization. 

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading lodging company with nearly 2,900 lodging properties in the United States and 67 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons by Marriott Vacation Club, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and had approximately 151,000 employees at 2006 year-end. It is ranked as the lodging industry’s most admired company and one of the best places to work for by FORTUNE®. The company is also a 2006 U.S. Environmental Protection Agency (EPA) ENERGY STAR® Partner. In fiscal year 2006, Marriott International reported sales from continuing operations of $12.2 billion. For more information or reservations, please visit our web site at www.marriott.com. 

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Contact:

Jumeirah
www.jumeirah.com

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Also See: The Magic Bullet the Providence Convention Industry Has Been Waiting For - the The Renaissance Providence Hotel Opening with 274 rooms and the Westin Providence Adding 200 rooms / May 2007
State of Rhode Island Picks Sage Hospitality to Turn Masonic Temple into 250-room Marriott Renaissance Hotel / October 2002
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