The city of San Carlos has partnered with an Irvine, CA based company, R.D. Olson Development, to build a 204-room extended stay hotel at the intersection of Industrial Road and San Carlos Avenue. The San Carlos Landmark will be built on a 4-acre property that the city purchased for $13.69 million in November of 2013. The hotel will be the largest in the city, and will offer 165 parking spaces, and shuttles to the San Jose and San Francisco airports. According to Dustin Schmidt, R.D. Olson's VP of Real Estate Acquisitions, the project is expected to receive final City approval July 27th, begin construction in November, and completed some time in early 2017.
The hotel - which will include a 1,500 S/F meeting space - will primarily cater to the "executive business traveler", and according to the Community and Economic Development Director of San Carlos, Al Savay, "It’ll be bigger and the most modern and contemporary version of executive travel suites on the Peninsula". Schmidt noted that the hotel will have accommodations for leisure guests including kitchenettes, a pool, a basketball court, and tree-lined walking areas. No indication was given as to how how much it will cost to stay there.
San Carlos stands to benefit a great deal from transit occupancy taxes generated by the hotel, and initial concerns from residents about increased traffic at the Industrial/Holly intersection were addressed when the already high-traffic area was signalized.
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