Hotel Online 
News for the Hospitality Executive




 
 OTO Development's Once Stalled 122-room Marriott Residence Inn,
San Marcos, California Now Slated for August Opening

By Angela Lau, The San Diego Union-TribuneMcClatchy-Tribune Regional News

Mar. 7, 2010--SAN MARCOS -- The stalled Marriott Residence Inn in San Marcos is nearing completion and is scheduled to open in August.

The four-story, 112-room hotel, at state Route 78 and Las Posas Road, will provide large studios and one- and two-bedroom suites, said Mike Gallen, director of development for South Carolina-based OTO Development.

The inn is expected to generate $200,000 each year in room taxes, City Councilman Hal Martin said,

OTO began construction in 2008, but ran out of money and stopped work that November.

Last year, OTO struck a deal with San Marcos by which the developer sold back to the city the 2.3-acre site it had bought for $4 million to $5 million and leased it for 55 years, Martin said. The city repurchased the land for about $5 million.

Construction resumed in November 2009, and the frame is completed. Workers will be installing drywall, stucco and the roof soon, Martin said.

The inn will provide meeting rooms, a pool and spa, a fitness center, a patio with a fire pit and a billiard room.

-----

To see more of the San Diego Union-Tribune or to subscribe to the newspaper, go to http://www.signonsandiego.com/.

Copyright (c) 2010, The San Diego Union-Tribune

Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.




To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Classifieds| One-on-One |
Viewpoint Forum | Industry Resources | Press Releases
Please contact Hotel.Onlinewith your comments and suggestions.