New 177-unit hotel opens near Cal Expo in Sacramento for extended stays
A new hotel with 177 upscale apartment-style units has opened near Cal Expo in Sacramento, commercial real estate investment firm PEG recently announced.
Mariott’s Residence Inn Sacramento Cal Expo, 550 Leisure Lane in Sacramento, will cater to people seeking longer stays.
“We are thrilled to officially open the doors to this incredible new (Residence Inn),” Loren Berkley, PEG managing director of hospitality, said in a news release.
In October, PEG sold Marriott’s original Residence Inn Sacramento property, located a mile away from the new hotel.
Buyers plan to convert the older building into affordable housing units, according to PEG.
The approach is part of PEG’s “net neutral” strategy, which involves replacing older real estate inventory with new, modern properties in the extended-stay market, according to a company representative.=
What’s in store at new Sacramento hotel?
According to PEG, the new Sacramento hotel’s amenities include:
▪ Expansive outdoor spaces with a grill and firepit;
▪ Outdoor pool;
▪ Putting green;
▪ Fitness center with state-of-the-art equipment and hydration station;
▪ Flexible meeting space for business and social gatheringsl
▪ Electric vehicle charging stations.
Residence Inn ‘a destination’ for business travelers
PEG said it’s retained much of the original Residence Inn Sacramento team, which made the transition easier, the company said.
Luis Castillo is the new hotel’s general manager, the release said.
“We’re creating more than a place to stay. We’re building a destination for both business and leisure travelers,” Isabel Ruiz-Covarrubias, the hotel’s director of sales, said in a statement. “We’re excited to welcome guests and partners into a space that’s fresh, flexible and authentically local.”
PEG will host a ribbon-cutting celebration in coming weeks, according to the release.
How much are room rates at hotel near Cal Expo?
As of Thursday, May 1, room rates at Residence Inn Sacramento Cal Expo ranged from $215 to $273 per night, according to the hotel’s website.”
