Providence hotels on the rise
PROVIDENCE, R.I. (WJAR) —
The latest proposal for Providence’s I-195 Redevelopment District land is a boutique hotel right on the river.
Two other hotels are currently under construction in Providence, and another three are in the planning stage.
There’s no master plan demanding more hotel space. It appears to merely be the state of the market.
“It’s really up to the developer and the lender perhaps who is financing that project to determine whether or not the project’s feasible within a given market,” Martha Sheridan, president of the Providence Warwick Convention and Visitors Bureau, said.
Sheridan went on to note that the city is coming off a longtime drought of new hotels rooms dating back to the early 2000s. She said that there are some conventions that have skipped Providence because of limited hotel space.
“There are groups that require more than we are able to offer them, and in the case that we’re bidding against a city that has more rooms, there are times we will not win that bid,” Sheridan said.
She also said that there are about 2,500 rooms in the city now, and more than 650 rooms total in six proposed projects. They are different offerings -- either extended stay or minimal service hotels.
“These are new products and a different type of product being proposed for Providence,” Sheridan said. “We’re going to draw new and additional visitors to the city. “
The riverfront hotel is in early stages only, and has not been approved by the I-195 Redevelopment District Commission. It also is a project that is not seeking any incentives from the state.