ATLANTA, Georgia, and SAN ANTONIO, Texas—Peachtree Group celebrated the groundbreaking of a brand new 171-room studio-suite Residence Inn by Marriott in downtown San Antonio, Texas, close to the Riverwalk, set to open within the second quarter of 2026. This improvement brings an upscale, extended-stay choice to the San Antonio market.
The Residence Inn will succeed an older-generation property downtown, benefiting from a location close to demand drivers, together with the leisure of the Riverwalk, academic exercise from the College of Texas at San Antonio, and company and authorities demand from surrounding workplace buildings. With this positioning, the resort goals to fulfill a variety of lodging wants in San Antonio’s market.
“San Antonio is a singular market with a rising want for extended-stay resorts,” stated Greg Friedman, managing principal and CEO, Peachtree. “The Residence Inn will cater to the various demand drivers of San Antonio, together with its thriving tourism sector and intensive company presence. Positioned inside straightforward attain of the town’s in style points of interest, eating places and enterprise hubs, this resort will present company with a main location for each work and leisure.”
Situated inside a Certified Alternative Zone (QOZ), this undertaking underscores Peachtree’s dedication to underserved communities. The agency has been an energetic resort developer in QOZs, having already opened 9 resorts, with one other 5 underneath development, together with the brand new Residence Inn, in these designated areas.
“By constructing inside a QOZ, Peachtree’s Residence Inn will create lasting financial impacts, from job creation in development and operations to sparking additional curiosity in close by retail, eating and leisure—important components for a thriving downtown neighborhood,” Friedman stated. “We’re optimistic that Washington, D.C., will acknowledge the QOZ’s influence on job creation and financial exercise inside these zones and can prolong this system, enabling us and different builders to ship new industrial actual property initiatives throughout the US.”
Merritt Improvement Group, an Austin, Texas-based resort improvement firm, will likely be chargeable for developing the Residence Inn, which could have a contemporary design targeted on home-like facilities, together with kitchens, separate residing areas, and workspaces in every suite, accommodating the wants of in the present day’s extended-stay vacationers and enhancing the resort’s attraction to enterprise professionals, households, and long-term company.
An onsite health middle and outside gathering area will additional the visitor expertise. Moreover, the resort will present assembly area to cater to the wants of enterprise company, making it a venue for company gatherings and social occasions. The resort could have a Caribou Espresso.
“The brand new Residence Inn will present company with a dynamic extended-stay expertise uniquely suited to San Antonio’s market,” Friedman added. “Peachtree’s dedication to considerate improvement is obvious in each facet of this property, from its trendy facilities to its prime location, making certain it is going to be a valued addition to the town.”
This improvement marks a milestone for Peachtree in Texas because the agency continues to increase its footprint in markets nationwide. In October, Peachtree celebrated the groundbreaking of a brand new 19-story, dual-branded resort improvement that includes Marriott manufacturers AC Lodge and Moxy Lodge in Uptown Dallas, Texas. The resort improvement will convey 264 rooms, facilities, and way of life choices to the McKinney Avenue hall. The undertaking is predicted to open in summer season 2026. Along with these two initiatives, Peachtree at the moment has 9 initiatives underneath development throughout the US, together with 5 in QOZs.
