About the Project
The project is the first phase of a two-phase hotel masterplan project on land owned by the Unified Port of San Diego. The 11-story, dual-branded Marriott hotel comprises a 253-key SpringHill Suites select service hotel and a 147-key Residence Inn extended stay hotel.
Real Estate Development
Hensel Phelps Real Estate Development, as part of a larger long-term waterfront hotel master plan and through a long-term ground lease with the Unified Port of San Diego, co-developed the first of two projects in the BRIC development. Hensel Phelps Real Estate Development provided conceptualization, programming, capital raising, development management and project financing. The Real Estate Development value for this project is $130,249,000.
Construction
The hotel offers cutting-edge design with its striking yellow wall, spectacular bay and city skyline views, fifth-floor outdoor swimming pool, bayfront patio area, state-of-the-art fitness center and meeting space that can accommodate up to 225 people. The towers have a common lobby and share a common elevator bank. The two brands also share function and amenity space at the top of the podium level. The podium structure includes approximately 414 total parking spaces–29 of which are provided for public use.
