The next chapter for the hotel and resort on Goat Island has come.
It’s not the Hyatt Regency or Gurney’s Newport Resort and Marina anymore, it’s now the Newport Harbor Island Resort.
Bethesda, Maryland-based Pebblebrook Hotel Trust announced on June 23, 2022, it acquired the 257-room hotel and resort for $174.0 million.
Davidson Hospitality Group today announced that it has been tapped by Pebblebrook Hotel Trust to manage Newport Harbor Island Resort, under its highly specialized operating vertical, Davidson Resorts.
Together with Pebblebrook, Davidson says that it will oversee the planned renovation, encompassing a complete repositioning, reimagining, and rebranding of the property that “will transform and elevate the guest experience”.
“We are proud to join forces with our long-time partners at Pebblebrook Hotel Trust on such a unique property,” said Davidson Hospitality Group Chief Executive Officer & President Thom Geshay in a statement. “Our Davidson Resorts team is comprised of some of the world’s most respected resort veterans that truly understand the nuances of the resort market. We look forward to bringing our expertise to deliver one-of-a-kind experiences for guests on ‘The Classic Coast,’ an inspiring work environment for our team members, and significant value for our ownership partners.”
“As part of our acquisition of this exceptional resort located in the iconic coastal New England community of Newport, we set out to identify the right operator with extensive experience in repositioning and operating complex, high-touch, destination resorts,” said Jon E. Bortz, Chairman, President, and Chief Executive Officer of Pebblebrook Hotel Trust in a statement. “We entrusted Davidson because of their Newport market knowledge and ability to drive performance and create value. Our partnership goals focus on driving increased cash flow and curating the most sought-after retreat in the region.”
Davidson currently operates Hotel Viking in Newport and other resorts across the country, including Grand Hotel on Mackinac Island, Michigan; The Don CeSar in St. Pete Beach, Florida; Paradise Point Resort & Spa in San Diego, California and more.
Pebblebrook Hotel said back in June that the acquisition of Gurney’s Newport brings the total number of properties in the Company’s portfolio to 55, including 13 unique drive-to, independent lifestyle resorts.
George Filopoulos of Metrovest and BLDG Management, owners of Gurney’s Montauk Resort & Seawater Spa, along with affiliates of Square Mile Capital Management LLC, purchased the Hyatt Regency Newport in 2016. After several months of transformation, it debuted as Gurney’s Newport Resort & Marina in 2017.