Urban Catalyst and Island Hospitality Management have opened the Marriott TownePlace Suites in downtown San Jose, Calif., part of the second phase of the dual-branded Moxy/AC by Marriott project, which opened earlier this year. The 176 all-suite-accommodations hotel is minutes from major tech employers, the San Jose McEnery Convention Center, San Jose State University and the SAP Center.
The hotel is one of several projects developed under Urban Catalyst’s Opportunity Zone Fund. The project qualified for Opportunity Zone incentives, which include deferred and reduced capital gains taxes.
Island Hospitality, which operates more than 80 hotels nationwide, will manage the property.
“This hotel has been a long-standing goal for Marriott in Downtown San Jose, and we’re thrilled to make it a reality,” said Erik Hayden, founder and CEO of Urban Catalyst. “Partnering with Island Hospitality, we’ve delivered a project that fills a real need in the market and contributes to the ongoing transformation of the city’s urban core.”
The development aligns with San Jose’s Downtown Strategy 2040, a plan aimed at adding housing, jobs and transit-friendly infrastructure to the city’s core. Urban Catalyst has additional projects planned nearby including a senior living facility and mixed-use developments.
TownePlace Suites by Marriott is designed for guests staying five nights or more. The brand includes more than 500 properties across the U.S. and Canada.
“We are thrilled to celebrate the grand opening of TownePlace Suites San Jose, a truly remarkable addition to our portfolio. Over the past several months, it’s been a pleasure working closely with both Urban Catalyst and Marriott, whose collaboration and dedication have ensured a seamless and successful launch. We’re excited to manage this beautiful property in such a vibrant and prime location, and we look forward to welcoming guests to experience its comfort and convenience firsthand,” said Gregg Forde, president and COO of Island Hospitality.
“The TownePlace Suites is more than just a hotel—it’s a catalyst for more foot traffic, business travel and economic energy in downtown,” Hayden added.