Redeveloping the Marshall Hotel into a boutique hotel, as reported by the Sacramento Bee, is a great idea and very good news for downtown development resulting from the Kings Arena plans.
On the same day a campaign to force a vote on the new Kings arena ended, a developer announced Thursday he was moving forward with plans to turn a single-room occupancy hotel serving low-income tenants near the arena site into a market-rate boutique hotel.
Pete Noack, who is partnering with the Presidio Hotel Group of Fairfield, said he will rehab the dilapidated, five-story Marshall Hotel at Seventh and L streets into an upscale hotel up to 17 stories tall. Notices were given to the roughly 70 residents of the Marshall that the hotel was being renovated and that the building’s owners had asked local housing authorities to help residents find new homes.
Noack said his group had been planning to make the announcement long before this week’s news that a judge had struck a measure from the ballot seeking voter approval of sports facility subsidies, eliminating a potentially significant hurdle to the $448 million arena at Downtown Plaza. But, he said, “the timing is dovetailing nicely.”
“We’ve been attempting to do this project at this location for a long period of time,” he said. “But the arena helps a lot.”
Retrieved February 27, 2014 from http://www.sacbee.com/2014/02/27/6195701/boutique-hotel-plan-emerges-for.html