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Downtown Baltimore’s Holiday Inn changes hands

The Procaccianti Group, a Providence, R.I.-based, privately held, real estate investment and management company, announced that it has completed the acquisition of the Holiday Inn Baltimore Inner Harbor.

The 365-room hotel at 301 W. Lombard St. is close to the Inner Harbor, the National Aquarium, downtown business district, the Baltimore Convention Center, professional baseball and football stadiums, M&T Bank Center and the University of Maryland. The acquisition price was not disclosed.

The Procaccianti Group currently owns 61 hotels with nearly 17,000 guest rooms in 23 states.