The 11-story hotel that is part of the Bohannon Development Corp.'s "Menlo Gateway" project has officially been christened "Hotel Nia."
The building, located at the corner of Independence Drive and Chrysler Drive in eastern Menlo Park, is scheduled to have its highest beam laid by the end of March, and is expected to open in January 2018.
According to Brian Ehrlich of Ensemble Real Estate Investments, "As you drive down the Peninsula ... you really sort of hit Silicon Valley when you hit Menlo Park."
He says his investment company is hoping the development, when the hotel and offices are completed, will signal from U.S. 101 the "epicenter of probably the most significant industry that we have in California, and probably the world, with the most cutting-edge technologies being introduced here."
The hotel will be part of Marriott's "Autograph Collection," and will have 250 rooms, including 43 suites, indoor and outdoor meeting spaces, and, accessible to the public, a coastal Mediterranean restaurant, a cafe/ice cream bar and a cocktail bar.
The hotel will be managed by Sage Hospitality. The hotel is owned and developed by a joint venture of AECOM Capital and Ensemble Real Estate Investments with construction financing provided by ACORE Capital.