Procaccianti Companies (Est. 1958), a second generation privately-held real estate investment and hospitality services organization, today announced that it has acquired The Regatta Inn located at 78 Centre Street, Nantucket, MA. The Regatta Inn boasts finely appointed guestrooms steps away from Nantucket’s quintessential downtown. The property will be managed by TPG Hotels & Resorts, the firm’s hospitality management affiliate.
“This acquisition presented an extremely rare opportunity to acquire and manage a spectacular property in one of the highest barrier to entry markets in the United States. The Regatta Inn is widely recognized as the one of the top bed & breakfasts on Nantucket and has benefited from excellent management and recent capital investments” states James Procaccianti, President and Chief Executive Officer of Procaccianti Companies. “The Regatta Inn has earned an exceptional reputation for delivering extraordinary guest service and high-quality amenities. We are extremely proud to be the next curators of this irreplaceable property.”
This distinctive and historic Federal-style mansion was completely reconstructed, remodeled and refurnished in 2013-2014, giving each guest room an enlarged, spa-like Carrera marble and white-tiled en-suite bath, with subway-tiled showers and frameless glass doors, rainfall shower heads, and custom cabinetry and fixtures. Each bedroom also features stunning furnishings by Serena & Lily and Restoration Hardware, sumptuous pillow top mattresses and Matouk fine linens; exclusive Frette towels and cozy robes, in-room refrigerators, and stunning modern decor.
The Regatta Inn is just a short walk to island ferries, shops, galleries, restaurants, museums, theaters, island shuttle buses, and several spectacular beaches. For more information about this celebrated property, please visit www.TheRegattaInn.com.