What is Ocean House?
Ocean House is a historic luxury hotel located in Watch Hill, Rhode Island. Originally constructed in the post-Civil War era, the property underwent a substantial $140 million historic rebuild, re-opening its doors in June 2010. The resort boasts 49 guestrooms and 19 signature suites, offering panoramic views of the Atlantic Ocean. It features farm-to-table dining options, a 12,000-square-foot spa, and over 10,000 square feet of event space, positioning it as a premier destination for business retreats, family vacations, luxury escapes, and weddings.
How much funding has Ocean House raised?
Ocean House has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Ocean House
PPP
Public-Private Partnership
What's next for Ocean House?
The recent major strategic investment, coupled with the overall enterprise-level funding, suggests Ocean House is poised for continued enhancement and expansion of its luxury hospitality offerings. This capital infusion will likely support operational improvements, potential property upgrades, and marketing initiatives aimed at attracting a discerning clientele. The company's focus on historic preservation and high-end amenities, combined with strategic financial backing, indicates a commitment to maintaining its status as a premier New England destination.
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