Local Voices
Rockland Trust Provides $20 Million in Financing for The Procaccianti Group's Renaissance Marriott Hotel
Rockland Trust today announced $20 million in financing for The Procaccianti Group’s purchase of the Renaissance Marriott Downtown Hotel in Providence. Prominently located close to the Rhode Island Convention Center, the Renaissance Marriott features 264 hotel rooms, eight suites, and nine meeting rooms, as well historic architecture, premium amenities, and the Temple Downtown Restaurant. This loan marks the third financing project the Procaccianti Group, a privately-held real estate investment and management company, has completed with Rockland Trust.
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