Grace Hotels To Enter U.S.

LONDON—Grace Hotels Group is entering the lodging market in the United States with the acquisition of the historic Vanderbilt Hall hotel and spa in Newport, RI.

The boutique hotel group also plans to expand in South, Central and North America. The company recently developed a hotel and villa complex in northwest Argentina. The Vanderbilt Hall offers 33  rooms and suites, plus a spa and fitness center with indoor and outdoor swimming pools. There is a gourmet restaurant and cocktail bar as well as a conservatory dining room serving breakfast and lighter meals both indoors and outdoors.

The building dates from 1909 and was one of many mansions in the area owned by the Vanderbilt family. A century after its creation the hotel was acquired by British philanthropist and hotelier, Peter de Savary, before its sale to Grace Hotels. Recently the property operated as a hotel and private members club but under Grace management it will operate solely as a luxury hotel and restaurant.

Grace Hotels is part of he Libra Group, a global conglomerate owned by the Logothetis family, that also owns a collection of hotels, conference facilities and restaurants. In managing the Vanderbilt Hall, Grace Hotels will be working closely with its sister company, US Hotels, which includes eight New England hotels, restaurants, spas and conference facilities that include two Relais & Châteaux properties: the White Barn Inn in Kennebunk, ME, and the Windham Hill Inn in South Vermont.