ProvidenceTuesday, November 3
The Graduate Providence hotel, formerly the Biltmore, will be auctioned Jan. 20
The 5AM Pawtucket team
If you've ever looked up at the red letters over Dorrance Street, this one's for you. The Graduate Providence, formerly the Biltmore, goes up for auction Jan. 20 in New York City, according to a public sale notice. The Providence Journal says a mortgage lender is selling it along with a Cincinnati hotel as collateral for loans, per a legal notice published Oct. 25.
The Biltmore's century leads to a January auction
- 1922The Biltmore opens on Dorrance Street in downtown Providence.
- 2019The hotel is renamed the Graduate Providence.
- Oct. 25A legal notice of the auction is published.
- Jan. 20The auction is set for 1:50 p.m. at the New York County Courthouse.
Sources: WJAR, The Providence Journal, Go Local Prov
An auction doesn't mean the Graduate closes: a winning bidder could apply to Hilton to keep running it as a franchise. The hotel has 294 rooms and more than 18,000 square feet of event space, and the notice names ACORE Capital Mortgage as the secured party.
The Graduate by the numbers
- $36 million
- or more in unpaid debt on the building
- 294
- rooms in the hotel
- 18,000+
- square feet of event space
Sources: WJAR, WPRI.com, Go Local Prov
- Auction: Jan. 20, 1:50 p.m., New York County Courthouse
- Unpaid principal: $36,348,298 as of Sept. 1, 2026
- Owner: AJ Capital Partners. Operator: Hilton.
- Address: 11 Dorrance St., Providence
Sources: WPRI.com, WJAR, The Providence Journal, Go Local Prov