The Procaccianti Group is expected to announce plans Tuesday to “build a premium-branded upscale extended-stay hotel” in Providence, right across the street from the Rhode Island Convention Center and the Dunkin’ Donuts Center, on the site of what is now the John E. Fogarty Memorial Building.
Paul Sacco, chief development officer for PGI Hospitality, said the project “represents a $40-million private investment in Providence.”
TPG already has a 7-year old ‘temporary’ surface parking lot at the site of the Old Public Safety Complex just down the block.[alert type=”muted”]See also:
Providence Business News: Procaccianti Group plans 170-room downtown hotel[/alert]