 The tradition of having a Coast Guard cutter stationed at Goat Island resumed when the Marine Protector-class coastal patrol boat was commissioned on 16 July 2005.In the 1960s, Goat Island was sold to a private developer, Globe Manufacturing.Over the next several decades, Globe constructed the Colonial Hilton Hotel (later known as the Sheraton Islander Inn, Islander Doubletree Hotel, the Hyatt Regency, and, as of late, Gurney's Newport) and Goat Island South Condominiums, and converted the only former navy building remaining on the island into the Goat Island Marina and Marina Bar & Grille.