Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Dovetail + Co Launches, Acquires Mainstay Hotel in Newport, Rhode Island

Hotel veteran Phil Hospod launches hotel investment and development firm Dovetail + Co with the acquisition and planned transformation of a 200-room full-service hotel in Newport, Rhode Island.


News provided by

Dovetail + Co

Jan 29, 2019, 17:05 ET

Share this article

Share toX

Share this article

Share toX

Dovetail + Co has acquired the Mainstay Hotel in Newport, Rhode Island.
Dovetail + Co has acquired the Mainstay Hotel in Newport, Rhode Island.

NEW YORK, and NEWPORT, R.I., Jan. 29, 2019 /PRNewswire-PRWeb/ -- Accomplished hotel developer Phil Hospod announced the launch of Dovetail + Co, a hotel ownership and development company focused on creating value through design, experience, and capital. The company's first acquisition, in partnership with JEM Holdings, is the Mainstay Hotel in Newport, a 200-room full-service hotel with onsite restaurant and pool. With the purchase, Dovetail + Co plans a significant redevelopment that will transform the property into a vibrant hideaway that is grounded in Newport's colorful history and celebrates the city's emerging culinary and art scenes.

Led by Hospod, Dovetail will reposition and redevelop the property for a new generation of visitors and their families. Dovetail has already enlisted creative design studio Reunion Goods & Services to reimagine the guest rooms and public areas. Hospod is also excited to work with dynamic, local talent to transform the onsite restaurant and other amenities.

Dovetail + Co plans a significant redevelopment that will transform the Mainstay into a vibrant hideaway, celebrating Newport's culinary and art scenes.

Post this

"Our goal is to create a fun and comfortable experience for visitors and locals that leans on Newport's past, but celebrates its present—here and now," Hospod said. "A friendly home base, where people can mingle, relax, and enjoy great food, but also get inspired to discover everything we love about Newport—all within minutes of the hotel."

Located in North Newport, the Mainstay Hotel is convenient to downtown Newport—renown for its Gilded Age mansions, America's Cup sailing, sandy beaches, and rugged coastline—and Naval Station Newport—a U.S. Navy base with approximately 5,800 employees and 17,000 students. Dovetail is keen to contribute to the revitalization of North Newport, creating jobs and improving this prominent gateway to the City by the Sea and Aquidneck Island. Hospod also has deep ties to Rhode Island. His extended family resides in the state's East Bay, and he and his wife married at the Herreshoff Marine Museum & America's Cup Hall of Fame in Bristol. Since 2008, he's spent his summers sailing Narragansett Bay, picnicking at Newport Polo matches, and sipping Del's Lemonade at the Bristol Fourth of July parade—the oldest in the nation.

The New York-based Dovetail + Co aims to build a diverse portfolio of unique hotel properties in both established and emerging markets in the Northeast and Mid-Atlantic. Hospod believes in creating memories, not commodities. It's an ethos he honed most recently as part of Sydell Group's senior leadership team, where his notable achievements include Freehand New York and The LINE DC, award-winning and market-defining developments.

"I've had the good fortune to work with some of the industry's best throughout my career," Hospod said. "As I launch Dovetail, I look forward to furthering the landscape of genuine and imaginative hospitality."

About Dovetail + Co

Dovetail + Co is an owner and developer focused on creating profitable, beautiful, and locally rooted experiential real estate. That means achieving long-term, risk-adjusted returns for investors by focusing on properties that leave an impression, rather than over-leveraging a commodity product that has no means of differentiating itself. Dovetail pairs unique opportunities with best in class design, real estate, and hospitality practices. Through the acquisition, development, design, and construction process, Dovetail + Co turns dreams into reality—one detail at a time.
dovetailandco.com

About JEM Holdings

Mikael Levey is the founder, owner, and CEO of JEM Holdings, a New York City-based real estate investment company founded in 2013 and focused on acquiring value-add multifamily properties in the Southeast. In addition to JEM's value-add multifamily portfolio, JEM is currently growing its office portfolio, developing multifamily, and through its subsidiary, JEM Joint Ventures, partnering on the Mainstay Hotel acquisition. Mikael oversees all aspects of both JEM Holdings and JEM Joint Ventures. Since its inception, JEM has acquired thirty-five properties, comprised of approximately 7,000 multifamily housing units and three office buildings.
jemreholdings.com/

SOURCE Dovetail + Co

Modal title

The Mainstay Hotel is ideally situated between downtown Newport and Naval Station Newport, overlooking the gateway to Narragansett Bay.
The Mainstay Hotel is ideally situated between downtown Newport and Naval Station Newport, overlooking the gateway to Narragansett Bay.
Dovetail + Co announces the acquisition of the Mainstay Hotel in Newport, Rhode Island, a 200-room full-service property.
Dovetail + Co announces the acquisition of the Mainstay Hotel in Newport, Rhode Island, a 200-room full-service property.
Dovetail + Co plans a significant redevelopment of the Mainstay Hotel in Newport, Rhode Island.
Dovetail + Co plans a significant redevelopment of the Mainstay Hotel in Newport, Rhode Island.
The Mainstay Hotel is ideally situated between downtown Newport and Naval Station Newport, overlooking the gateway to Narragansett Bay. Dovetail + Co announces the acquisition of the Mainstay Hotel in Newport, Rhode Island, a 200-room full-service property. Dovetail + Co plans a significant redevelopment of the Mainstay Hotel in Newport, Rhode Island.

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.