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Newport, RI Hotels for Sale

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Harborfront Resort with Redevelopment Entitlement
Updated: Jun 15
Harborfront Resort with Redevelopment Entitlement

551 Thames Street, Newport, RI 02840

$49,900,000
89,653 sqft 5.27 AC lot
5.27‑acre waterfront resort at 551 Thames Street, Newport, RI 02840
89,653 SF hospitality property built in 1985
52 two‑bedroom suites across four buildings, each with water views
Approved conversion from 52 transient units to 152 one‑bedroom hotel units
Indoor and outdoor swimming pools, tennis courts, and fitness center
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Waterfront Hotel With Retail
Waterfront Hotel With Retail

212 Water Street, Block Island, RI 02807

$7,800,000
7,546 sqft 0.22 AC lot

Hospitality property combining guest accommodations, food and beverage venues, retail space, and employee housing.

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Waterfront Hotel Property
Waterfront Hotel Property

212 Water Street, Block Island, RI 02807

$7,800,000
7,546 sqft

Hospitality property with guest accommodations, dining venues, retail space, and employee housing.

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Furnished Hotel with Rooftop Dip Pool
Furnished Hotel with Rooftop Dip Pool

32 Broadway Avenue, Stonington, CT 06378

$5,050,000
4,002 sqft 0.18 AC lot

Six-bedroom, six-bathroom hospitality property with furnished interiors, public utilities, and individually controlled climate zones.

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Hotel Property with Rooftop Amenities
Hotel Property with Rooftop Amenities

32 Broadway Avenue, Stonington, CT 06378

$5,050,000
0.18 AC lot

Fully furnished accommodations include communal rooftop lounging, dining, and a dip pool.

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Newport, RI Hotels Market Trends and Statistics

Explore 1 hotels for sale in Newport, RI on our real estate platform. These investment opportunities span a total of 89,653 square feet of properties for sale, with an estimated market value of $49,900,000.

Sale prices for resorts in Newport, RI average $49,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bed & breakfasts 2
Hotels 2
Resorts 2

Demographics Overview

Population 25K
Population Growth (5Y) -5.8%
Median Household Income $83,515
College Educated 81.9%

High-Yield Neighborhoods for Investment

Identify Newport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
02840 $49.9M

Taxes & Financing

Tax Rate (average for all types) 1.47%
Property Tax per SF $6.96 per SF
Tax Rate vs County Average 0.18 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Newport County

New Delisted

Total CRE Inventory on Market (SF)

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