Urban Catalyst and Island Hospitality Management have collaborated to open the Marriott TownePlace Suites in San Jose as the newest extended-stay hotel in Silicon Valley.
The 176-room hotel is located minutes from major tech employers, the San Jose McEnery Convention Center, San Jose State University and the SAP Center. Urban Catalyst, a real estate equity fund manager, developed the hotel in conjunction with Island Hospitality Management, which will oversee day-to-day hotel operations.
“This hotel has been a long-standing goal for Marriott in Downtown San Jose, and we’re thrilled to make it a reality,” Erik Hayden, founder and CEO of Urban Catalyst, said in a statement. “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.”
“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 first-hand,” said Gregg Forde, president and COO of Island Hospitality.
The opening marks a milestone for Urban Catalyst’s broader development efforts in San Jose. The hotel is one of several projects developed under the firm’s Opportunity Zone Fund and underscores its commitment to development in underserved and high-growth areas.