Total $0.00

COLUMBUS, Ohio - Jan. 19, 2015 - Rockbridge and TPG Hospitality today announced a joint venture to develop and operate the AC Hotel in San Jose, California, the first AC Hotels by Marriott in California. 

The property, located at the corner of W. Santa Clara St and Highway 87, is in the epicenter of the Silicon Valley technology industry, with Apple, Google, Facebook, eBay, Adobe and Cisco all within driving distance. The hotel is also close to major attractions such as SAP Center, San Jose McEnery Convention Center, San Jose Earthquakes Stadium, Levis Stadium and San Pedro Square Market. 

"Rockbridge knows the demands of Millennials and other sophisticated travelers and will respond in the strategy and execution on this great hotel," said Rockbridge president & CEO Jim Merkel.  "The AC Hotels by Marriott brand is a sleek, modern brand with an urban approach to design and it's a perfect fit in one of the hottest work-live-play hubs in the country." 

With a projected opening in Spring 2016, the hotel will include 210 guest rooms featuring 9-ft ceilings, bar and lounge with signature cocktails, 900-square foot fitness center, open air pool and courtyard, meeting space and two high-tech breakout rooms. 

"TPG's continued expansion efforts includev the development and operational management of lifestyle-oriented, focused-service products," said Paul Sacco, TPG Hospitality's chief development officer. "The new AC Hotel in San Jose will deliver an ideal guest experience to complement the energy, technology and character of the market."

The new AC Hotel in San Jose will be among the first built in the United States. AC Hotels by Marriott are contemporary, cosmopolitan and customized for the modern traveler looking for a new way to experience the city. The AC brand currently being introduced to the U.S. has enjoyed a strong international presence with hotels in Spain, Italy, Portugal and France. Growth plans for the brand include more than 50 additional hotels set to open within the next three years throughout the U.S. and Latin America.

The property will be the first LEED Gold Certified hotel in San Jose, providing environmental and operational efficiencies.  This level of Leadership in Energy & Environmental Design (LEED) shows the commitment by RB Hotel Development and TPG Hospitality to add value at every turn and support the priorities and interests of the San Jose residents.

About Rockbridge

Rockbridge is a private equity firm that invests in real estate. Over the past 20+ years, it has made more than 330 hotel investments in 44 states in transactions worth more than $5 billion.  Through its deep in-house experience and strong foundation of industry relationships, Rockbridge has delivered a track record of high absolute returns across multiple cycles and is a leading investor in hospitality.  Rockbridge Hospitality Fund VI L.P, its largest fund to date, well exceeded its target capital raise and closed with $438 million of subscriptions from leading institutional and other private investors. 

About TPG Hospitality

TPG Hospitality (est. 1985) ranks in the top five largest U.S. hotel management companies with an operating portfolio of more than 60 hotels representing nearly 20,000 guestrooms in 26 states. TPG   Hospitality is an approved/preferred operator of all the major brands and delivers comprehensive hospitality management, renovation & construction management and ground-up/new-build hotel development services to public and private ownership entities including municipalities and pension funds. For more information, please visit

Contact: Chelsea Moore - The Zimmerman Agency / 850.668.2222

Related News

Rockbridge and HRI Properties Open The Eliza Jane Hotel in New Orleans as a Part of The Unbound Collection by Hyatt

Rockbridge Acquires 229-Key Embassy Suites by Hilton Boston Marlborough

Rockbridge and Pinnacle Hotel Management Acquire Marriott in Palm Beach Gardens, Florida

Rockbridge Opens Reimagined 224-Room Noelle in Former Home of Noel Place

Rockbridge, in a Joint Venture with Musselman Hotels Management, Acquires Kentucky's Seelbach Hilton Hotel

Hyatt House Jersey City, Jointly Owned by One Exchange Urban Renewal, Concord Hospitality and Rockbridge, Officially Opens

First Hospitality Group and Rockbridge Celebrate Opening of Hyatt Place Ann Arbor

Rockbridge Appoints Joel Wineman Senior Vice President of Asset Management

Marcos Casillas Joins Rockbridge as Managing Director of Asset Management

HRI and Rockbridge Acquire Country Inn & Suites New Orleans French Quarter

Rockbridge Completes Property-Wide Renovation of North Carolina’s Raleigh Marriott Crabtree Valley

Iconic New England Resort, Cliff House Maine, Unveils First Phase of Extensive Renovation

Rockbridge Acquires Hilton Garden Inn in Downtown Nashville, Tennessee for $80.3 Million

TPG Hospitality Debuts Multi-Million Dollar Renovation of Kentucky's Hyatt Regency Lexington

TPG Hospitality Completes Multi-Million Dollar Renovation of the Renaissance Boca Raton Hotel

The Westin Fort Lauderdale in Florida Welcomes General Manager, Chris Alto

TPG Hospitality Names John DePiro as General Manager at Fort Lauderdale Marriott North in Florida

Rockbridge Acquires Doubletree Hotel and Suites Charleston - Historic District in South Carolina

TPG Hospitality Launches Multi-Million Dollar Renovation to Upgrade the Renaissance Boca Raton Hotel

TPG Hospitality Names Alon Ben-Gurion as General Manager for DoubleTree by Hilton Boston North Shore

All News »

Please login or register to post a comment.