Presidio Companies Breaks Ground on Hyatt Centric Hotel in Downtown Sacramento City Center Slated to Open Summer 2020
October 10, 2018 12:44pm
SACRAMENTO, Calif. – (October 10, 2018) – Presidio Companies and Hyatt announce the groundbreaking of the highly anticipated Hyatt Centric hotel in downtown Sacramento’s City Center, slated for opening in Summer 2020. Perfectly located in the heart of the vibrant redevelopment currently underway downtown, the Hyatt Centric hotel will be located at 1122 7th Street, directly adjacent to the new world-class sports and entertainment venue Golden 1 Arena.
The building represents an important part of downtown Sacramento’s rich past and its promising future. It was first opened in 1911 as the Hotel Clayton and then by its more widely recognized name, the Marshall Hotel. Today, the Marshall Hotel is listed as a landmark on the city’s register of historic and cultural resources.
Maintaining the building’s historic integrity and cultural legacy, the new 172-room lifestyle boutique hotel’s interior design will draw inspiration from the area’s rich jazz history which will be reflected in the architecture and interior design concept throughout the common areas including lobby, restaurant, bar and lounge. The 11-story hotel will also offer more than 2,500 square feet of meeting space and 1,000 square feet of ground-floor retail. Focused on the guest experience, the hotel will be managed by Interstate Hotels & Resorts.
“Revitalizing this landmark and reimagining it as the new Hyatt Centric hotel, is great news for the area as it experiences a renaissance of growth and activity,” said Guneet Bajwa, Managing Principal of Presidio Companies. “This hotel is just one piece of a multi-use development that will definitively change the landscape and bring revitalized energy to the downtown district.”
The new Hyatt Centric hotel in downtown Sacramento’s City Center furthers the Hyatt Centric brand’s mission of putting its guests at the center of the action in leading global destinations.
The Presidio Companies is an active investor in wide variety of industries including more than $1 billion in investment volume within the hospitality sector.
“We continue to see momentum in this sector, and we’re actively sourcing capital in support of our strategic growth objectives across all hospitality verticals,” said Bajwa.
Tags: presidio companies,
interstate hotels & resorts
Presidio is based in Sacramento, Calif., Presidio Companies and its affiliates (the “company” or “Presidio”) have been involved in over $1.02 billion of hotel and commercial real estate transactions. Presidio has over 18 years of experience in ground up development, deep renovations, and management of operations of virtually every segment of the hospitality market. Presidio has owned and operated independent boutique properties, full-service conference center hotels, full-service resort hotels as well as select and limited service properties. During this time Presidio has developed hotels with all the major hotel franchisors including Hilton, Hyatt, Marriott, and Starwood. The company’s headquarters are located at 221 G St., Suite 205, Davis, CA. Please visit our website at www.PresidioCo.com.
Contact: Jeff Wagner
Interstate Hotels & Resorts is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centers and independent hotels. Currently, Interstate’s global portfolio represents 540 properties in 11 countries inclusive of a committed pipeline of signed hotels under construction or development around the world. The company’s experienced operators, industry-leading platforms and extensive management capabilities produce exceptional guest experiences and optimal returns for hotel owners and investors. For more information, please visit www.interstatehotels.com.
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of June 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.
Interstate Hotels & Resorts Debuts IHG’s Hotel Indigo Brand in Manchester, UK
Kastrati Hotels & Tower shpk Enters Agreement for First Hyatt-Branded Hotel in Albania
Interstate Hotels & Resorts Adds Management of Three Salt Lake City Properties to Portfolio
A&B Group and Hyatt to Introduce The Unbound Collection by Hyatt to Vietnam
Hyatt Enters Agreement for Hyatt Regency Edinburgh Marina, Marking First Hyatt-Branded Property in Scotland
Owned by Borealis Hotel Group and Managed by Interstate Hotels & Resorts, Staybridge Suites Debuts in the Netherlands
Colony Credit Real Estate Selects Interstate Hotels & Resorts to Continue Management of the Pittsburgh Airport Marriott
Hyatt Signs Management Agreement With Hokkaido Alpine Resort Management for December Opening of Hyatt House Hotel in Niseko, Japan
Newly Opened ‘Leaning Tower of Abu Dhabi’ Hotel Marks First Property Under Hyatt’s Andaz Brand in the Region
Interstate Hotels & Resorts Adds Hilton New Orleans/St. Charles Avenue Hotel to Portfolio
Hyatt Hotels Corporation to Acquire Two Roads Hospitality
Hyatt Hotels to Transition Chief Financial Officer; Patrick Grismer to Step Down to Be Succeeded by Joan Bottarini
Interstate Hotels & Resorts Adds Two Properties to Management Portfolio
Hyatt Partners With Kanha Limited for Dual-Branded Hyatt Place and Hyatt House Nairobi/Westlands in Kenya
Vista Development, Ltd. and Hyatt Enter Agreement to Develop Andaz Turks & Caicos at Grace Bay, the Brand’s First Caribbean Property
Hyatt Enters Agreement With Matmut S.A.M. to Develop Hyatt Place Rouen Set for 2021 Opening in the French Normandy
Interstate Hotels & Resorts Completes $25 Million Renovation of Laguna Cliffs Marriott Resort & Spa in Dana Point, Calif.
HR Group and Hyatt Enter Agreement for New Build Hyatt House Frankfurt/City Goetheplatz in Frankfurt, Germany
Interstate Hotels & Resorts Appoints David Jurcak as Vice President Operations-Transitions
Kokari Limited Opens New 309-Room Grand Hyatt Athens Marking City's First Hyatt Hotel and First Grand Hyatt in Greece
Please login or register to post a comment.