Downtown ProvidenceTuesday, November 3
The Graduate Providence hotel, the old Biltmore, is headed to auction on Jan. 20
The 5AM North Providence team
If you've ever craned your neck at the red Biltmore letters downtown, here's your heads-up. The Graduate Providence Hotel is going up for auction in New York City, according to a public sale notice, and more than $36 million in debt is unpaid.
The Providence property's loan balance stood at $36,348,298 on Sept. 1, 2026
Source: Go Local Prov
View as table
| Value | |
|---|---|
| Original loan | $43.2M |
| Unpaid balance, Sept. 1, 2026 | $36.3M |
The Providence Journal says the hotel's mortgage lender is selling it, along with a Cincinnati hotel, as collateral for loans. Go Local Prov reports the notice names ACORE Capital Mortgage as the secured party. The sale doesn't mean the hotel will close: a winning bidder could apply to keep running the Hilton franchise.
- When: Jan. 20, 2027, at 1:50 p.m.
- Where: in front of the New York County Courthouse
- Owner: AJ Capital Partners; Hilton operates the hotel
- Hotel: 294 rooms at 11 Dorrance St.
The Graduate's event space covers more than 18,000 square feet
Floor area of the Graduate's event space, beside places you know
4 basketball courts would fit inside the Graduate's event space
Sources: WJAR, WPRI.com, The Providence Journal, Go Local Prov