The spotlighting of cranes in the Providence skyline continues with this installment: a $20 million eight-story extended stay Homewood Suites by Hilton hotel project. The developer is First Bristol Corp., led by veteran hotelier James Karam.
The building site sits at the confluence of Exchange Terrace, Steeple Street and Memorial Blvd. in the city's Capital Center District. The lot, itself, is uniquely compact and triangular which necessitated design finesse and architectural creativity to ensure vibrant, street-level interaction. The project got underway in earnest this summer.
With 120 suites being offered, the hotel's target market is upscale professionals who require housing for longer than a few days. The Providence region is fertile ground for such an audience given the density of local colleges, universities and hospitals.
First Bristol Corporation, a leading Real Estate Development and Management firm based in Massachusetts, was selected by Hilton Hotels Worldwide as the National Developer of the Year for its Homewood Suites by Hilton Brand.
Karam started First Bristol Corporation 35 years ago, and has built the family business into one of New England’s premier real estate development and management companies.