A brand-new downtown Oakland hotel might arrive this summer and offer hundreds of rooms and two Marriott brands under one roof.
OAKLAND — A brand-new hotel could arrive in downtownOakland as soon as this summer and offer two Marriott brands under one roof along with hundreds of new rooms.
In 2019, a Hawkins Capital affiliate, Jefferson Street Hotel, paid $30 million for the sites needed to accommodate the hotel development, which is in an opportunity zone that provides developers with certain tax advantages.Evening street view of a dual-brand Marriott hotel, totaling 276 rooms, that will consist of an AC Hotel and a Residence Inn, located at 1431 Jefferson St. in downtown Oakland, concept.
“A Residence Inn typically allows for longer stays and for guests who prefer to stay in their room to eat,” said Lewis Wolff, a well-known developer, real estate investor and entrepreneur who is advising Hawkins Way Capital. “An AC Hotel is kind of a trendy concept for shorter stays.”“This gives you a chance to hit two markets instead of just one,” Wolff said. “There are two lobbies but you can easily walk from one to the other.
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