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The Newport Restaurant Group (NRG), a collection
of eleven unique restaurant concepts in Rhode Island and Massachusetts, has
announced the purchase of 15 Kingstown Road in Narragansett, from GP Pier
Retail, LLC for an undisclosed price. The property is home to Trio restaurant,
one of NRG’s restaurant concepts. The acquisition is part of the employee-owned
hospitality company’s long-term real estate plan to build its real estate
portfolio with hospitality and non-hospitality spaces.
Currently, NRG owns five of its eleven
restaurant locations including Boat House in Tiverton, Iron Works in Warwick,
Castle Hill Inn in Newport and Trio in Narragansett, as well as a number of
support buildings including its corporate office at 300 Metro Center Boulevard
“We’ve enjoyed being part of the Narragansett
community for more than ten years,” said Paul O’Reilly, CEO, Newport Restaurant
Group. “When the opportunity arose to purchase the Trio building, we jumped on
it; we have a young talented management team at Trio led by the General Manager
Joe Parker, the restaurant continues to thrive under Joe’s leadership, he and
his team embody what employee ownership is all about. Given the team at Trio
and the ongoing success, we knew solidifying our presence in the community was
the right thing to do and look forward to continuing our relationship for years
NRG opened the seaside restaurant in spring
2008. The 9,400 square foot, two-story building sits on approximately 7,900
square feet of land, located just steps from Narragansett Beach.
“As we look for ways to add value for our
employee owners, real estate investments are at the top of that list,” said Ken
Cusson, Director of Business Development. “As we continue to grow and expand,
we are continuously looking for ownership opportunities in Rhode Island and
About Newport Restaurant Group
Newport Restaurant Group’s award-winning portfolio of restaurants are located across Rhode Island and include Castle Hill Inn, The Mooring Seafood Kitchen & Bar, 22 Bowen’s Wine Bar & Grille, Bar ‘Cino, and Smoke House all located in Newport; Trio of Narragansett; the Boat House in Tiverton; Waterman Grille and Hemenway’s, both located in Providence; Avvio Ristorante located at Garden City Center in Cranston; Iron Works in Warwick; Papa Razzi with two locations in the greater Boston area; and Bar ‘Cino in Brookline, MA, opening in 2020. Newport Restaurant Group’s mission is to provide the highest quality culinary experience in unique, service-oriented atmospheres and to create each menu with a creative, thoughtful, and responsible approach.
Newport Restaurant Group is proudly 100% employee owned.
For more information go to: www.newportrestaurantgroup.com
Photo, courtesy Trip Advisor