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551 Thames St
Newport, RI 02840
The Wellington Resort · Hospitality Property For Sale · 84,046 SF

INVESTMENT HIGHLIGHTS

  • Primed Condo Conversion Opportunity
  • Supply Constrained Submarket
  • Direct Waterfront Access
  • Amenity-Rich Site with Ample Parking
  • Existing Hotel Operations for Full-Service Vacatiopn Ownership
  • Exclusive Downtown Newport Location

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 5.27 AC
Building Size 84,046 SF
No. Stories 4
Year Built/Renovated 1985/2022
Parking Ratio 2.66/1,000 SF
Corridor Interior
Zoning WB

AMENITIES

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Room Service
  • High Speed Internet Access
  • Patio
  • Indoor Pool
  • Outdoor Pool
  • Marina
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen
  • Multi-Room Suites

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWP-000035-000204-B000001
Land Assessment
$0
Improvements Assessment
$500,900
Total Assessment
$500,900
  • Listing ID: 37682331

  • Date on Market: 9/15/2025

  • Last Updated:

  • Address: 551 Thames St, Newport, RI 02840

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