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December 18, 2018
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Landmark Hotel in Downtown Sacramento to be Redeveloped into a 172-Room Hyatt Centric City Center

12/04/18

Downtown Sacramento will soon have a new boutique hotel added to the city’s mix of hospitality choices, as Presidio Companies has obtained $49.66 mil in construction financing for for the redevelopment of the historic Marshall Hotel into the Hyatt Centric City Center, a 172-room, full-service, upscale hotel.

Situated on 0.26 acres at the corner of 7th and L Streets, Hyatt Centric City Center is directly adjacent to the newly delivered Golden 1 Center, a concert venue and home to the NBA’s Sacramento Kings. The hotel is located at the epicenter of Sacramento’s $1.1-bil investment to transform downtown into a vibrant live-work-play environment. Additionally, the hotel is seven blocks from the Sacramento Convention Center, which hosts more than 875,000 attendees annually.

The Marshall Hotel, constructed in 1911, is listed as a landmark in the Sacramento Register of Historical and Cultural Resources for its historically significant role in Sacramento’s K Street jazz scene from the late 1920s to the early 1950s. Located on the ground floor of the Marshall, The Clayton Club was a stage for countless jazz musicians, including Louis Armstrong, Billie Holiday and Cab Calloway. The 11-story Hyatt Centric redevelopment, which also includes the Jade Apartment building, will preserve the two historical facades of the Marshall Hotel. Expected to be delivered in 2020, the hotel will feature a restaurant, lounge, rooftop terrace and bar, coffee bar, fitness center and spa.

HFF arranged the senior construction loan with Mosaic Real Estate Investors, along with one of the largest PACE (Property Assessed Clean Energy) financings on the West Coast to date with Counterpointe Sustainable Real Estate.





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