PROVIDENCE, RHODE ISLAND—Procaccianti Firms introduced that it has obtained all required approvals to develop and assemble The Bellevue Resort, a 91-key luxurious boutique property in Newport, Rhode Island. The venture was unanimously accepted by the Metropolis of Newport’s Technical Evaluate Committee on June 11, advancing the venture into pre-construction with a groundbreaking anticipated within the fourth quarter of 2025.
The lodge shall be developed and owned by Procaccianti Firms and operated by TPG Accommodations & Resorts inside the INTERA Assortment. Positioned instantly throughout from the Worldwide Tennis Corridor of Fame, the Bellevue Resort shall be a purpose-built, ground-up growth in one of many Northeast’s most supply-constrained coastal markets.
“It is a important step ahead for one of the vital high-profile growth alternatives within the area,” stated Ralph V Izzi Jr., vice chairman of public affairs for Procaccianti Firms. “Newport is a market outlined by excessive demand, restricted new provide, and constant sturdy charge efficiency. The Bellevue Resort shall be deliberately designed to satisfy the expectations of at the moment’s luxurious friends and the operational requirements that drive top-line progress and worth creation.”
The event contains 91 guestrooms, a number of meals and beverage venues, spa and wellness amenities, and a variety of visitor facilities. The plan contains the addition of underground parking to develop the street-level pedestrian expertise, and the constructing’s three-story construction will incorporate Juliet balconies, with inside rooms overlooking the backyard.
“The Bellevue Resort shall be a unprecedented addition to our present working portfolio in Newport,” stated Paul Hitselberger, govt vice chairman of operations and asset administration for TPG Accommodations & Resorts. “From the visitor expertise to back-of-house structure, the venture is being developed with efficiency, effectivity, and long-term positioning in thoughts. It’s a distinctive alternative to develop a purpose-built luxurious lodge in a market the place ground-up growth is extraordinarily uncommon.”
As soon as residence to the Stone Villa, an Italianate manor in-built 1833 by Scottish stonemason Alexander McGregor, the positioning of The Bellevue is tied to Newport’s architectural legacy. Designed by Centerbrook Architects in collaboration with Procaccianti Firms, The Bellevue Resort reimagines James Gordon Bennett Jr.’s imaginative and prescient for a social vacation spot alongside Bellevue Avenue. Whereas groundbreaking is scheduled for This fall 2025, the property is predicted to be accomplished in 2027.