Classic Auction - Hospitality

Radisson Providence Airport

2081 Post Road, Warwick, RI 02886

Call for Information
  • Asset Type
  • Real Estate
  • Property Type
  • Hospitality
  • Land Area
  • NA
  • Year Built
  • 1989
  • Year Renovated
  • 2019
  • Occupancy
  • 57.50%
  • Occupancy as of
  • May 31, 2019
  • Hospitality Type
  • Full Service
  • Number of Rooms
  • 112 Rooms
  • Average Daily Rate
  • $108.52
  • Revenue Per Room
  • $65.04
  • Function Space Area
  • 11,000 Sq Ft

Radisson Providence Airport

Newly Renovated, Full-Service Airport Hotel

Investment Highlights:

  • Opportunity to Acquire a Newly Renovated, Compact Full-Service Hotel
  • Optimally Located in an Exciting Redevelopment Area, Adjacent to a Rapidly Growing Airport
  • Value-Add Opportunity with Built-In Operational Efficiency Upside


Berkadia Hotels & Hospitality and RealINSIGHT Marketplace are pleased to offer to acquire the fee-simple interest in the 112-room Radisson Hotel Providence Airport (‘Hotel’ or ‘Asset’) located in Warwick, Rhode Island.

The Hotel, having recently completed a comprehensive $2.5 million renovation, offers the newest rooms product in its competitive set, requiring minimal change of ownership PIP expenses for a new owner. Additionally, the current owner has recently added a guestroom, increasing the total room count from 111 to 112. Offered unencumbered of management, the Hotel provides a compelling upside in revenue management and operational efficiencies.

The two-story Hotel has an unparalleled location just off Interstate 95, adjacent to TF Green Airport and Interlink – home to the airport’s rental car facility, 3,500 parking spaces, and TF Green Airport Station – providing access to Boston via the MBTA Commuter Rail. Only 8 miles from downtown Providence, the Radisson benefits from the capital of Rhode Island’s vast demand generators. The bustling city’s cultural, culinary, and historical attractions, internationally renowned colleges and universities, and notable corporations, including Hasbro, MetLife Insurance, UPS, RBC Industries, GTECH Corporation, and Citizens Bank provide a broad and diverse mix of demand for the Radisson.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Call for Information

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.