Peachtree Begins Construction on 480-Room Dual-Branded Austin Hotel
Peachtree Group begins construction on a 480-room Embassy Suites and Tempo by Hilton dual-branded hotel in downtown Austin, expected to open in early 2029.
CoStar Impact Awards: In this California city, a former parking lot is now a trendy Marriott hotel
Last Updated:
October 23, 2025
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Commercial development of the year for Sacramento
"Five years ago, the land now labeled as 905 Seventh St. in Sacramento, California, was nothing more than a parking lot for light rail commuters. Today, it's home to the city's newest major hotel.
The AC Hotel Sacramento opened in March 2024 after its construction began in January 2022. Downtown Sacramento has been in desperate need of more hotel rooms, and the AC Hotel's arrival helped fill that demand, economic leaders in California's capital city said.
The hotel sits in an opportunity zone, which is land that developers are given extra tax incentives from the federal government to revitalize."
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