April 26, 2024 – NewcrestImage, a leader in the hospitality industry, today announced the acquisition of the NYLO Providence Warwick Hotel, part of Hilton’s Tapestry Collection. This boutique-style property, known for its industrial-chic design inspired by its past as a textile mill, adds to NewcrestImage’s growing portfolio of unique, value-driven hotels in high-demand markets.

“The NYLO Hotel fits perfectly into our strategy of acquiring distinctive properties with strong growth potential,” said Mehul Patel, Managing Partner and CEO of NewcrestImage. “With its iconic design, prime location near the airport and downtown Providence, and loyal customer base, we look forward to enhancing its value and guest experience through strategic renovations and operational improvements.”

Conveniently located 10 miles from downtown Providence and just minutes from T.F. Green International Airport, the 163-room NYLO Hotel offers a mix of modern amenities and historical charm. Its distinctive design features high ceilings, exposed brick, and polished concrete floors, a nod to its industrial roots. The hotel also provides a wide range of amenities including free WiFi, a fitness center, and meeting rooms, making it an ideal destination for both business and leisure travelers.

This acquisition follows NewcrestImage’s strategy of acquiring high-potential properties in dynamic markets. The NYLO Hotel’s location along the scenic Pawtuxet River, coupled with proximity to the Warwick Mall and downtown Providence, positions it to serve a diverse clientele. Future plans for the hotel include renovations to enhance its facilities, particularly in public spaces and guest rooms, to elevate guest experiences and maintain its unique boutique appeal.

The on-site restaurant, The Loft, with its riverfront patio, is a popular feature for both hotel guests and locals. Guests enjoy a modern American menu in a space characterized by floor-to-ceiling windows and views of the surrounding landscape.