Procaccianti Companies

Procaccianti Companies is a privately held real estate investment and management firm established in 1958. Its corporate headquarters are located in Cranston, Rhode Island. Over the past six decades, the company has developed a robust national presence. It has owned, developed, managed, or financed real estate assets in over 300 cities across 42 states.

The firm's investment portfolio is diverse, encompassing various real estate sectors such as hospitality, retail, office, industrial, and residential properties. Procaccianti Companies employs a vertically integrated approach, managing all aspects of its investments including acquisition, development, financing, and operations.

This comprehensive strategy enables the firm to effectively enhance the value of its assets and achieve superior risk-adjusted returns.

Hospitality and Marina Sectors

In the hospitality sector, Procaccianti Companies has significantly expanded its portfolio of upscale boutique hotels and marinas. Notable acquisitions include the Newport Beach Hotel & Suites in Rhode Island, featuring a historic property built in 1940 and a suite property added in 2008. Amenities include a rooftop deck, swimming pool, and day spa.

The firm also acquired The Veranda House Hotel Collection in Nantucket, consisting of two adjacent boutique hotels with 29 guestrooms total, and The Chatham Wayside Inn on Cape Cod, a 56-room independent property.

Procaccianti Companies has a presence in marina management through its affiliate, TPG Marinas, which manages marina properties offering services such as slips, maintenance, and storage.

Retail and Development

In the retail convenience sector, the company operates Neon Marketplace, a gas and convenience store brand with locations in high-traffic areas in the Northeast.

The real estate development arm, TPG Dev Con, focuses on developing various commercial properties including retail and office spaces.

Through these diverse ventures, Procaccianti Companies strengthens its position as a leading real estate investment and management firm in the United States.

Locations

Procaccianti Companies operates several regional offices across the United States. These include:

• Macon, GA, USA
• Oklahoma City, OK, USA
• Baltimore, MD, USA
• McKinney, Texas
• New York, New York
• Salisbury, Maryland
• Atlanta, Georgia
• Palm Beach, Florida

Its corporate headquarters remain in Cranston, Rhode Island.