Sale of Sheraton Providence Airport Hotel in Warwick, Rhode Island closed by HFF
BOSTON, MA. July 11, 2016 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Sheraton Providence Airport Hotel, a 207-room, full-service hotel adjacent to the T.F. Green Providence Airport in Warwick, Rhode Island.
HFF represented the seller in the transaction and procured the buyer, Sarchi Group, a full-service, Boston-based property development and management firm.
The Sheraton Providence Airport Hotel is located at 1850 Post Road in Warwick approximately eight miles from downtown Providence. The hotel's location, adjacent to the T.F. Green Providence Airport, draws business and leisure travelers as well as tourists to the city of Providence. Hotel amenities include a complimentary airport shuttle, concierge services, fitness center, indoor pool, Sheraton Club Lounge, complimentary high-speed Internet access and dining at the BlueFire Grille.
The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
