201-618-3776
139 Mathewson St, Providence, RI for Sale
Hospitality - FOR SALE
1/8
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139 Mathewson St
Providence, RI 02903
Downtown Providence


HIGHLIGHTS

  • Historic, architecturally rich property dating back to 1882
  • Privileged location just off Westminster Street, Providence’s most vibrant pedestrian corridor
  • Walking distance to the Providence Performing Arts Center, the Amica Mutual Pavillion, and the Rhode Island Convention Center
  • Proximate to the city’s strongest institutional demand generators including Johnson & Wales University, Brown University, and Providence College
  • Property amenities include 5,498 SF of indoor meeting/event space, additional outdoor event areas in the 1st FL courtyard and 2nd FL terrace
  • Situated in a high-barrier-to-entry market with no new supply under construction

OVERVIEW

Hunter Advisors has been exclusively engaged to present the opportunity to acquire the fee-simple interest in the 80-room, 7-story Hotel Providence (the “Hotel”), located at 139 Mathewson Street. Situated in the center of Downtown Providence’s Arts & Theatre District, the Hotel offers exceptional walkability to the city’s leading demand drivers including the Rhode Island Convention Center, cultural attractions, major academic institutions, and leading medical facilities. The property has a storied past dating back to 1882 and was transformed and restored into a hotel in 2005. The independent boutique Hotel presents a new owner with tremendous upside potential through numerous value-add initiatives.

FOR SALE DETAILS

PRICE

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# OF ROOMS

80

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Providence

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1882

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,033 SF

ZONING

D-1-12

APN/PARCEL ID

PROV-250457-000000-000000

ASK ABOUT THIS PROPERTY

Spencer DavidsonHunter Hotel AdvisorsMore Info
201-618-3776

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Spencer DavidsonHunter Hotel AdvisorsMore Info
201-618-3776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.