Celebrating the completion of the building’s structural phase, Peachtree Group held a topping-out ceremony for the 10-story, 171-room Residence Inn by Marriott in downtown San Antonio.
Scheduled to open in the summer 2026, the extended-stay hotel is being co-developed with Austin-based Merritt Development Group and will be owned by Peachtree and managed by its hospitality management division.
“Reaching the topping-out stage is a meaningful moment for any development,” Greg Friedman, managing principal and CEO of Peachtree, said in a statement. “This Residence Inn reflects our commitment to delivering high-quality, purpose-built hotels in markets where we see strong, long-term demand. San Antonio’s blend of tourism, education and business activity makes it an ideal location for extended-stay lodging.”
The Residence Inn will have studio suites with fully equipped kitchens, separate living and working areas. Public spaces include an on-site fitness center, flexible meeting rooms, outdoor social spaces and a Starbucks serving both guests and the surrounding community.
In line with Peachtree’s ongoing strategy to invest in underserved areas poised for growth, the property is being developed within a Qualified Opportunity Zone (QOZ. The Atlanta-based firm has been an active developer in QOZs with nine hotels opened and another five, including this Residence Inn, currently under construction.
“This project combines strong market fundamentals with meaningful community impact. We’re proud to deliver an upscale extended-stay hotel to a fast-growing urban market while advancing our commitment to long-term economic growth in underserved areas,” Friedman said.