(Providence, RI) -- A new boutique hotel is opening in downtown Providence later this summer. The Beatrice, which is set in the 1887 Exchange Building on Westminster Street, will include nearly fifty rooms. It was developed by Joseph Paolino Jr., the managing partner of Paolino Properties and the former mayor of Providence. The hotel will also feature the Bellini Restaurant, named for the Bellini cocktail whose inventor was the great-grandfather of the restaurant owner.