Moxy Hotel Among New Industrialized Revolution

On June 27, 2021, Offsite Dirt reported on the new 172-room Moxy Oakland Downtown in Oakland’s Uptown District.

Key facts

• Hotel name: Moxy Oakland Downtown.
• Room count: 172 rooms.
• Address: 2225 Telegraph Ave., Oakland.
• Location: Uptown, near restaurants, nightspots, entertainment hubs, cocktail lounges, and theaters.
• Brand: Moxy, one of Marriott’s brands.
• Opening: The hotel officially opened on Wednesday and began taking reservations and guests.

Development

• Developers: Tidewater Capital and Graves Hospitality.
• Tidewater Capital is a San Francisco-based real estate firm.
• Graves Hospitality is a hotel management firm.
• The hotel was built in an opportunity zone, which can offer tax advantages for property investments.

Construction

• The hotel was built using modular construction.
• Tidewater said the modular method reduced construction time by 25%.
• Modular construction was described as a more efficient and sustainable building approach.

Art program

• Tidewater partnered with Creative Growth, a local nonprofit.
• Creative Growth serves artists with developmental, intellectual, and physical disabilities.
• The hotel features eclectic, urban artwork throughout the property.

Company background

• Tidewater Capital, LLC was organized in 2013.
• The firm focuses on acquiring, developing, repositioning, and operating real estate projects in the United States.
• Its particular focus is the San Francisco Bay Area.
• The company targets value-add and opportunistic investments.