Procaccianti Companies has obtained all required approvals to develop and construct The Bellevue Hotel, a 91-key luxury boutique property in Newport, R.I. The project was unanimously approved by the City of Newport's Technical Review Committee this week, advancing the project into pre-construction with a groundbreaking anticipated in fourth quarter 2025. The property is expected to be completed in 2027.
The hotel will be developed and owned by Procaccianti Companies and operated by TPG Hotels & Resorts within the INTERA Collection, which specializes in independent and lifestyle assets in high-performing destination markets. Located across from the International Tennis Hall of Fame, the Bellevue Hotel will be a purpose-built, ground-up development designed to deliver long-term asset value in one of the Northeast's most supply constrained coastal markets.
"This is a significant step forward for one of the most high-profile development opportunities in the region," Ralph V Izzi Jr., vice president of public affairs for Procaccianti Companies, said in a statement. "Newport is a market defined by high demand, limited new supply, and consistent strong rate performance. The Bellevue Hotel will be intentionally designed to meet the expectations of today's luxury guests and the operational standards that drive top-line growth and value creation."
The development includes 91 guestrooms, multiple food and beverage venues, spa and wellness facilities and a range of upscale guest amenities. The plan includes the addition of underground parking to expand the street-level pedestrian experience, and the building's three-story structure will incorporate Juliet balconies, with interior rooms overlooking the garden.
"The Bellevue Hotel will be an extraordinary addition to our current operating portfolio in Newport," said Paul Hitselberger, executive vice president of operations and asset management for TPG Hotels & Resorts. "From the guest experience to back-of-house layout, the project is being developed with performance, efficiency, and long-term positioning in mind. It is a unique opportunity to develop a purpose-built luxury hotel in a market where ground-up development is extremely rare."
Once home to the Stone Villa, an Italianate manor built in 1833 by Scottish stonemason Alexander McGregor, the site of The Bellevue holds a storied place in Newport's architectural legacy. Designed by Centerbrook Architects in collaboration with Procaccianti Companies, The Bellevue Hotel reimagines James Gordon Bennett Jr.'s original vision for a grand social destination along Bellevue Avenue. With a refined, upscale design inspired by its historic surroundings, the new hotel will offer a contemporary luxury experience in one of the city's most iconic locations.