PROVIDENCE – Rockland Trust is providing $26 million in refinancing for The Procaccianti Group’s Hilton Providence, the bank announced Feb. 10.
“The Hilton Providence plays an important role in the city’s economy, as well as providing outstanding hospitality to guests visiting our city,” said Graham Kilvert, first vice president and lending center manager for Rockland Trust. “Rockland Trust is thrilled to support The Procaccianti Group in its latest commercial project.”
This is the fourth financing project Rockland Trust has brokered on behalf of The Procaccianti Group, a privately-held real estate investment and management company based in Cranston.
The management group’s Providence portfolio also includes the Renaissance Marriott Hotel and the Residences Providence.
“The commitment from Rockland Trust will enable us to continue our one-of-a-kind hospitality and help to bring economic growth to the local area,” said Robert Leven, chief investment officer for The Procaccianti Group.