Residence Inn Marriott Project and Land Elk Grove, CA

• Fee-simple interest in the 2.23-acre, 96-room, Residence Inn by Marriott (land, entitlements, and approvals) in Elk Grove, CA
• Fully entitled and approved development project in a market that supports targeted +$120 RevPAR
• Opportune time to acquire the Residence Inn by Marriott, a global leader in the extended-stay lodging segment, with strong market recognition

Location Summary

• Adjacent to Interstate 99 and Sheldon Avenue, with a traffic count upwards of 142,000 vehicles per day
• Proximate to significant core demand generators, including key employers and institutions such as Apple (Elk Grove Campus), Amazon, ALLDATA, Kaiser Permanente, Sutter Health, Dignity Health, UC Davis Medical Center, Cardinal Health, California Northstate University, and the Golden 1 Center Sacramento Kings’ Arena
• Accessible to all regional new demand, well-positioned to capture traffic from the new Sky River Casino (opened August 2022), and the upcoming Project Elevate (20-acre mixed-use development)
• Nestled near Lodi, a premier wine-producing region renowned as the 'Zinfandel Capital of the World', which attracts more than 2 million visitors annually to its vibrant wine country
• Strategically located near several significant regional mega-developments, including the $750 million, 244-acre Sacramento Railyards urban infill project; the $1 Billion+ Kaiser Permanente hospital and transit hub; the planned Sacramento Republic FC soccer stadium; and just 22 miles from Sacramento International Airport (SMF)