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AC Marriott is First Marin Hotel in Two Decades

There is definitely pent-up demand for new product as occupancy in the submarket has been above 78% since 2014 and for each of the last six years, room demand increased 2% and ADR increased 6%-plus.

AC Marriott The 140-room AC Marriott will be located on the corner of Fifth Avenue and B Street in San Rafael.

SAN RAFAEL, CA—AC Marriott hotel is Marin County’s first major hotel to be built in two decades. The 140-room hotel will be located in downtown on the corner of Fifth Avenue and B Street, in the county’s nexus.

“This will be the first new hotel in the market in more than a decade, and there is definitely pent-up demand for new product,” John Nelson, CBRE executive vice president, tells GlobeSt.com. “Occupancy in the submarket has been above 78% since 2014 and in the last six years, demand for rooms has increased 2% annually while the average daily rate has increased more than 6% annually.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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