Tidewater Debuts 172-Room Moxy Hotel in Downtown Oakland

USA - English

• USA - English

SAN FRANCISCO, April 1, 2021 /PRNewswire-PRWeb/ -- Tidewater Capital, a San Francisco based real estate investment and development company, today announced the completion of Oakland's first Moxy Hotel, a young-at-heart brand by Marriott International. In partnership with co-developer Graves Hospitality, Tidewater is introducing Moxy Oakland Downtown as the first modularly constructed Moxy in the U.S., applying this sustainable construction method to generate less waste and increase the building's energy efficiency. The development of the 172-room Moxy Oakland Downtown is also the result of Tidewater utilizing the opportunity zone investment program.

The boutique hotel, which represents one of the first new hotel developments in downtown Oakland in nearly a decade, signifies a response to the increased appeal of Oakland's energetic urban environment. With a focus on investing in the local community to foster long-term prosperity, Tidewater's decision to partner with Marriott, Graves Hospitality and multiple local non-profit organizations underscores the breadth of impact possible for the hotel. Further, the approach utilizing modular construction will help educate local architects, contractors and investors on the modular build process. Throughout its construction, The Moxy Oakland Downtown brought 100 jobs to the community and upon its March 31 opening is expected to bring new permanent jobs to the downtown Oakland area, furthering Tidewater's mission to support this dynamic, growing city.

"We're pleased to open the doors of the Moxy and deliver a new placemaking component to Oakland's vibrant culture and community," said Kyle Winkler, Director of Construction at Tidewater. "We recognized a unique opportunity with Moxy's modular-friendly design that allowed for efficient and sustainable development within the city. This opening is an important milestone for our company as we look forward to continuing to foster long-term positive economic and social impact in the Bay Area."

Constructing the first modular Moxy Hotel in the U.S. enabled Tidewater to reduce construction time by 25 percent, compared to an average construction timeline for a hotel of the same size. The hotel consists of five levels of factory-built wood-frame rooms over two levels of a site-built concrete-frame. In a continued effort for Moxy Oakland to reflect the values and vibrancy of the local community, Tidewater partnered with Creative Growth, a local non-profit that serves artists with developmental, intellectual, and physical disabilities, to feature an array of eclectic, urban artwork throughout the hotel. The hotel is also partnered with Chapter 510 and the Department of Make Believe, a local writing and publishing workshop for Oakland youth and will feature the work of young Oakland writers throughout the hotel.

Boasting an expansive street-level amenity space utilized for programming such as weekly events and exhibits featuring local artists, musicians, performers and neighborhood businesses, the property also includes a number of stylish "Plug and Meet'' gathering areas that provide modern ergonomic seating, large writing walls, and 56-inch televisions for presentation projection. Moxy Oakland offers cozy but thoughtful rooms and a unique bar check-in experience where guests not only receive their room key, but a craft cocktail on the house. Additional hotel amenities include healthy continental breakfast and an evening bar featuring wines by the glass and local brews. The hotel will also feature the on-site restaurant, La Palabra, from the chef behind Oakland's popular Cuban parlor and cafe, Caña. La Palabra is slated to open at Moxy Oakland Downtown in Summer 2021.

The building's façade showcases Oakland's vibrant art scene with a six-story art installation titled, Shapeshift Oakland. Created by world-renowned, Oakland-based artist Thom Faulders and installed by 100-year-old sign company YESCO, this 12,000-pound dramatic aluminum structure offers an entrancing visual labyrinth of a city known for its continuous change. Creative brickwork patterns echo the neighborhood's vitality and character while the second-floor exterior terrace embraces the urban energy with vistas of the cityscape.

Moxy Hotels is Marriott International's bold, new brand that debuted in September 2014 with the opening of the Moxy Milan. A boutique-hotel concept for the modern-day traveler, Moxy is a fresh and innovative brand combining dynamic design and adept service at an approachable price point. With tech-enabled rooms, vibrant lobby spaces and warm, spirited service, Moxy aims to surprise both leisure and business travelers with a thoughtful, memorable and fun guest experience.

Moxy Oakland features smartly designed guest rooms and a unique bar check-in experience where guests not only receive their room key, but also a craft cocktail or non-alcoholic beverage on the house.

Additional hotel amenities include healthy continental breakfast and a cocktail bar, featuring wines by the glass and local brews.

For more information on Moxy Oakland Downtown, visit: http://www.marriott.com/hotels/travel/oakox-moxy-oakland-downtown/.

ABOUT TIDEWATER:
Tidewater is a fully integrated real estate company that invests in and develops properties with an eye towards promoting shared prosperity within the San Francisco Bay Area. Founded in 2013 with a focus on progress, Tidewater strives to improve properties with untapped potential into dynamic spaces that help strengthen communities, promote economic opportunity, and contribute to collective well-being. Operating across a variety of product types including office, residential, retail, hotel and industrial, Tidewater aims to foster long-term positive impact for the benefit of its partners and the communities in which it operates. Tidewater has significant experience and a strong track record managing all aspects of design, development, acquisitions, marketing, asset management, finance, and sustainability. Tidewater employs a value investment philosophy while promoting all of its stakeholders to rise together. For additional information, please visit tidewatercap.com.

ABOUT GRAVES HOSPITALITY
Graves Hospitality turns ideas into action and Real Estate into enterprise. GH offers a comprehensive range of development and management services adeptly tailored to answer the unique needs of independent and branded hotels, resorts and restaurants as well as residential and commercial projects. The company's development skills and management services, including sales, marketing, distribution, human resources and accounting, are honed by over 40 years of continued success. Consistently recognized as an industry leader, GH has developed and managed more than 100 hotels and restaurants, as well as residential and commercial developments. GH is passionate about providing owners, guests and associates with an unparalleled level of service and expertise. Partnering with smart, creative and sincerely enjoyable people and then fiercely maintaining those relationships, results in a positive synergy that naturally fosters success. GH takes great pride in being able to identify, develop, build and manage projects that create great profits for our investors. To learn more information about GH visit http://www.graveshospitality.com

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SOURCE Tidewater