Natomas, a hotbed of hotels, set to get two more – Baltimore Business Journal:

The hotel would be a four-story, 117-room Staybridge Suites, a newerf all-suites brand developed by of the world's largest hotel The hotel building willbe 82,77e square feet, said Jill Scofield, public information officer with Sacramento's developmeng services department. Tharaldson has not soughf permits for the second hotel site in the she said. The hotels will be inside the campus-like Gateway Corporate Center being builrt byThe 580,000 square feet of office space in severalo three-story buildings will eventually encircle the A shopping center and restaurants ring the northern portionn of the 120-acre mixed-use development.
"Itt is a great site," said Mark LeBlanc, a development executivr for RIM Hospitality, a division of The RIM Corp. of Modesto that also is buildingin Natomas. Tharaldson representativeds couldn't be reached for comment this week. The Fargo, N.D.-basec company was the most aggressivr builder and operator of hotels here over thepast decade, building eight hotels with 819 room total. Six properties were branded with and two fly the flags of The new hotelo would be the first InterContinental property Tharaldson hasdeveloped locally.
Tharaldson still operates and manages its hotel s inGreater Sacramento, but it sold ownership of the buildings and land last year to of Londohn as part of a $1.4 143-hotel transaction. The second hotel brans in the Opus projectlikel hasn't been decided yet, industry sources say. It is a tough call because so many new propertiee are entering the market and so many brands have a presenc inNatomas now. The Natomas market has been strong, Le Blanc It has a Residencwe Inn, a Courtyard hotel, a Hampton Inn, a Holidayt Inn Express and a HiltonbGarden Inn, among others. RIM Hospitality is in the midstf of construction ona 100-room Four Pointzs by Sheraton at Del Paso Road and Interstate 5.
That hoteo should open by late LeBlanc said. Waiting before committing to a second hotepl brand in Natomas is likely a good move for Tharaldson to see how the market absorbs all the new roomasbeing added, he said. "Thered are enough rooms going in that the markegt might flatten for a couple of but the demand generators are growinvg faster thanthe hotels." "Thehy might not know what they're putting in yet," said Brad hotel developer with in West Most of the popular brands are spoken for in the and development contracts typically includer some kind of exclusive Hays worked with Lodi-based to buil d a Hampton Inn & Suites and a Holiday Inn Express Suites at Del Paso Road in North Those hotels, each with 100 rooms, opened last year and are doingh well, he said.
GREM has the contract to buile a Homewood Suites off Del Paso Road thoughit hasn'rt started the building yet. "The lodginh industry is being held to a certain leveo of discipline from overbuilding bythe lenders, who are very and by the cost of construction materials," LeBlanx said.
blogspot.com