AJ Capital Partners announced today it has acquired the Providence Biltmore Hotel in Providence, Rhode Island. The hotel will undergo a comprehensive renovation to covert to Graduate Providence by spring 2019. The 294-room hotel is located in downtown Providence near five universities: Brown University, Johnson & Wales, Rhode Island College, Providence College and Rhode Island School of Design. Situated in the geographic center of downtown Providence, the hotel boasts the most desirable location for lodging, proximate to the city"s healthcare hub, primary modes of transportation, 140,000-square-foot convention center and is within walking distance several restaurants, cultural venues, shops and galleries. Created for travelers who seek memory-making journeys, Graduate Hotels are part of a well-curated, thoughtfully crafted collection of hotels that reside in the most dynamic, university-anchored cities across the country. Every property celebrates and commemorates the optimistic energy of its community, while offering an extended retreat to places that often played host to the best days of our lives. Locations include Ann Arbor, Mi.; Athens, Ga.; Berkeley, Ca.; Charlottesville, Va.; Lincoln, Ne.; Madison, Wi.; Oxford, Ms.; Richmond, Va and Tempe, Az., as well as Bloomington, In.; Columbus, Oh.; Iowa City, Ia.; Minneapolis, Mn.; New Haven, Ct.; Seattle, Wa.; and New York City"s Roosevelt Island as part of the Cornell Tech campus are slated to open in 2018 and 2019. The renovation will touch all guestrooms, common areas, the hotel"s 18,500 square feet of flexible meeting and events space, and spa.