A nice part of it, as reported by the Sacramento Bee, is that planned for the Marshall Hotel.
An excerpt.
Seizing on the downtown momentum sparked by construction of the new Sacramento Kings arena, developers said Monday they plan to turn the old Marshall Hotel into a 10-story Hyatt Place with condominiums or apartments on the upper floors.
Fairfield hotel firm Presidio Cos. said it hopes to start construction sometime next fall.
The Hyatt Place would replace the decaying Marshall, which closed over the summer. The five-story building had been a single-room occupancy hotel immediately to the east of Downtown Plaza, where the Kings have broken ground on their new $477 million arena.
Sushil Patel, Presidio’s managing principal, said the plan is to build approximately 130 hotel rooms, crowned by 10 to 15 apartments or condominiums. Some retail tenants are expected on the ground floor, he said.
“The final design hasn’t been completed yet,” Patel said.
He declined to state a budget for the project.
The Presidio project comes as the downtown hotel and residential market begins to heat up in anticipation of the October 2016 scheduled opening of the arena.
Retrieved December 1, 2014 from http://www.sacbee.com/news/business/article4233663.html
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