Newport’s Hotel Viking to Lay Off Over 100 Workers

Newport’s Hotel Viking to Lay Off Over 100 Workers

Newport’s Hotel Viking has announced it will let over 100 employees go this fall. 

In a legally required disclosure with the Rhode Island Department of Labor and Training filed on Wednesday, the Hotel Viking disclosed it plans on laying off 105 people effective November 3.

According to the filing, the employees are non-union; the hotel is not closing. 

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It marks the latest for the Viking, which touts “memorable hospitality since 1926” as a member of the “prestigious Historic Hotels of America.”

Industry publication Hotel Management reported in April, “KHP Capital Partners closes $300M hotel investment fund:”

The fund closed on its third investment, the acquisition of the Hotel Viking in Newport, R.I., on April 17.  The remainder of the fund is expected to be deployed over the next two years and, with co-invest equity and leverage, should translate into nearly $1 billion of buying power.

KHP expects to invest in a total of eight to 10 projects through this fund, focusing on opportunities in major U.S. markets and select leisure destinations.