SAN ANTONIO – Merritt Development Group and Peachtree Group are planning a Residence Inn by Marriott at 100 N. Main Ave.
The current plan is to deliver 171 rooms over ten stories. The 124,000-sf property would have a rooftop pool and terrace, a fitness center, meeting rooms, and a panaderia. Construction is expected to cost $58 million.
Hospitality-focused Peachtree Group closed on the land in October, the second time that it had changed hands this year. It was previously owned by REM Hospitality.
BGKT Architects is designing the hotel. Peachtree will serve as the owner-operator.