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.
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