PR Newswire·Nov 6, 2026, 3:07 PM ET

The Washington Trust Company finances reconstruction of Block Island's Harborside Inn

Washington Trust provided $8.5 million in financing to VVO Real Estate Holding, LLC for the reconstruction of the Harborside Inn.
The landmark hotel & retail building is located at 41 Water Street in New Shoreham, Rhode Island, directly across from the Block Island Ferry terminal.
The structure was destroyed in a fire in August 2023 & is currently under reconstruction as of October 1, 2026.
Upon completion, the redevelopment will feature a 33-room full-service hotel, one leased restaurant space, & 10 leased retail spaces.
The Haynes Group is managing construction, with project completion expected in May 2027.
Michael Finnimore, principal of VVO Real Estate Holding, credited Washington Trust for its support during the rebuilding process.
Washington Trust is the oldest community bank in the nation, founded in 1800, & is a subsidiary of Washington Trust Bancorp, Inc.