WARWICK, RI — MCR, the seventh-largest hotel owner-operator in the U.S., has acquired the 160-room Hilton Garden Inn Providence Airport/Warwick near T.F. Green International Airport for $19.1 million.
The hotel is a 10-minute walk to T.F. Green’s terminal, which offers domestic service from Allegiant, American, Delta, Frontier, JetBlue, Southwest and United. Norwegian Airlines flies from the airport to Ireland, Northern Ireland and Scotland. Azores Airlines provides seasonal service to Ponta Delgada and beyond.
Altogether, the airport serves 4 million passengers annually. It has been ranked the sixth-best U.S. airport in 2018 by Money magazine.
“Rhode Island may be the smallest state, but it has one of the best airports,” says Tyler Morse, CEO and Managing Partner of MCR. “Twenty five percent of the U.S. population lives within 500 miles of PVD — and when they’re passing through Providence, we welcome them all at The Hilton Garden Inn Providence Airport/Warwick.”
The hotel is connected to the Iron Works Tavern, housed in the historic 1867 R.I. Malleable Iron Works Factory building.
MCR has invested in and developed 104 hotel properties with more than 12,000 rooms in 27 states.