Hotel proposed near San Jose airport, Marriott brand eyed
SAN JOSE — A Marriott hotel could rise near San Jose International Airport under a proposal being floated by the developers of the Coleman Highline office complex.
The proposed hotel would contain 175 rooms, rise five stores and total 120,000 square feet, according to documents on file with San Jose planners.
The Coleman Highline development, located on Coleman Avenue and adjacent to Avaya Stadium and the San Jose airport, could eventually contain 1.5 million square feet of office development along with ground-floor retail spaces.
The project, which is being developed by Hunter Properties, would also include two hotels.
The five-story hotel that’s now under review by city planners would be the first of the two lodging places in the development.
“The hotel will be a Marriott brand,” said Curtis Leigh, a principal executive with Hunter Properties. He didn’t specify which of the Marriott brands would be connected to the new hotel.
Hunter is in the early planning stages with San Jose city officials, so the timing of the hotel isn’t precise at this point.
The hotel would be located at the southeast end of the development, next to Avaya Stadium and near a building that’s been leased to 8×8, a fast-growing cloud communications and software firm.
8×8 leased 162,000 square feet at Coleman Highline in a January deal. Potentially 650 to 800 of the company’s workers could move into the offices.
The timing for a new hotel could be propitious, based on current occupancy trends for lodging places, both in the area and in Silicon Valley generally.
“The numbers for hotels in the airport area are pretty good,” said Bobby Bowers, a senior vice president with STR, which tracks the lodging market. “The average daily rates and the occupancy rates are strong.”
In 2017, average room rates in the airport area were $171.58, up 3.4 …read more
Source:: The Mercury News – Business