US: Real estate equity fund manager and developer Urban Catalyst has opened the Marriott TownePlace Suites extended stay hotel in downtown San Jose, managed by independent hotel operator Island Hospitality Management.
The 176-suite hotel was designed for business and extended stays, and is located at 495 West San Carlos Street, close to major tech campuses and the San Jose McEnery Convention Centre.
The project is part of Urban Catalyst’s Opportunity Zone Fund initiative, aimed at boosting development in underserved areas.
Erik Hayden, founder and CEO of Urban Catalyst: “This hotel has been a long-standing goal for Marriott in Downtown San Jose, and we’re thrilled to make it a reality. Partnering with Island Hospitality, we’ve delivered a project that fills a real need in the market and contributes to the ongoing transformation of the city’s urban core.”
Gregg Forde, president and COO of Island Hospitality, said: “We are thrilled to celebrate the grand opening of TownePlace Suites San Jose, a truly remarkable addition to our portfolio. Over the past several months, it’s been a pleasure working closely with both Urban Catalyst and Marriott, whose collaboration and dedication have ensured a seamless and successful launch.
“We’re excited to manage this beautiful property in such a vibrant and prime location, and we look forward to welcoming guests to experience its comfort and convenience firsthand,” he added.
The TownePlace Suites property is the second phase of the dual-branded Moxy/AC by Marriott project, which opened earlier this year in January with 311 rooms.
Highlights:
• TownePlace Suites San Jose Downtown has opened with 176 rooms, located near tech campuses and a convention centre.
• Developed by Urban Catalyst, the property has been supported by the company’s Opportunity Zone Fund which promotes development in underserved areas.
• Island Hospitality Management will manage the extended stay hotel.
• It forms part of a dual-branded Moxy/AC Hotels project which opened in January earlier this year.
