|By Paul Edward Parker, The Providence
Journal, R.I.McClatchy-Tribune Regional News
Oct. 09, 2012--PROVIDENCE, R.I. -- Omni Hotels & Resorts has reached an agreement to buy The Westin Providence hotel from The Procaccianti Group, both companies have announced.
Omni will acquire the 564-room hotel, along with associated meeting rooms, hotel-run restaurants and related facilities, which is attached to the Rhode Island Convention Center in downtown Providence.
But Cranston-based Procaccianti will continue to own The Residences Providence, which includes 103 high-end residences in the second of two towers on the hotel site.
The deal -- terms of which the parties declined to disclose -- is expected to close in December.
The newly branded hotel is expected to have "Omni" in its name, though no decision has been made on what to call the hotel.
(c)2012 The Providence Journal (Providence, R.I.)
Visit The Providence Journal (Providence, R.I.) at www.projo.com
Distributed by MCT Information Services