Home Economy Economic Activity Procaccianti Cos. purchases S.C. resort for $125M

Procaccianti Cos. purchases S.C. resort for $125M

Updated at 12:38 p.m.

PROCACCIANTI COS. has partnered with Florida-based Rugger Capital to purchase the Charleston Harbor Resort, located in South Carolina, for $125 million.  /COURTESY SUNTEX MARINA INVESTORS LLC

CRANSTON – Procaccianti Cos. has added a new resort to its portfolio. The Rhode Island real estate investment firm has partnered with Florida-based Rugger Capital to purchase the Charleston Harbor Resort, located in South Carolina, for $125 million.  The resort was previously owned by American Financial Group Inc., a Cincinnati-based insurance holding company. The property’s underlying land

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