PEG Opens New Residence Inn Sacramento Cal Expo

SACRAMENTO, CA – PEG, a leading commercial real estate investment firm, is pleased to announce the grand opening of the newly built Residence Inn Sacramento Cal Expo, a state-of-the-art extended-stay hotel providing Marriott’s road warriors with a new, fresh product in the Sacramento market. The new extended-stay hotel, located at 550 Leisure Ln near SAFE Credit Union, Cal Expo, and Heart Health Park, features 177 upscale apartment-style units, offering spacious living areas and conveniences of home, catering to guests seeking longer and more comfortable stays.

“We are thrilled to officially open the doors to this incredible new Residence Inn,” said Loren Berkley, Managing Director, Hospitality at PEG. “This project is a prime example of our Residence Inn Replacement Strategy, which focuses on modernizing the extended-stay experience by bringing new, high-quality properties to market while maintaining a balanced supply.”

The new Residence Inn Sacramento is the latest Generation 9 prototype, offering an array of premium amenities including:

· Expansive outdoor spaces with a barbeque grill and firepit

· Outdoor pool for relaxation and recreation

· Putting green for leisure activities

· Fitness center with state-of-the-art equipment and hydration station

· Flexible meeting space for business and social gatherings

· Electric vehicle charging stations to support sustainable travel

PEG previously owned and operated the legacy Residence Inn Sacramento, located approximately one mile away. Last October, PEG sold the existing property to buyers who plan to convert it into affordable residential units. Through this strategic transition, PEG remains net-neutral in terms of supply, simply replacing older inventory with a new, high-quality product. Additionally, PEG was able to retain many of the former hotel’s team members, bringing them over to the new Residence Inn.

We are incredibly proud to open the doors to our new Residence Inn Sacramento Cal Expo,” says Luis Castillo, the hotel’s new General Manager. “We are excited to take the tried and true Residence Inn standard to a new level. From our elevated complimentary breakfast buffet—set to be the #1 in the brand—to our Prospectors Bar & Lounge featuring local farm-to-fork offerings, every detail has been crafted with our guests in mind. Add to that our flexible Gold Rush meeting room, complete with a creative catering menu, and you have an experience that redefines extended-stay hospitality,” he said, noting that none of it would be possible without the dedication of his entire on-site team.

Joining Castillo in leading the opening is Isabel Ruiz-Covarrubias, the hotel’s new Director of Sales, who brings a dynamic and focused approach to the property’s sales strategy. “We’re creating more than a place to stay—we’re building a destination for both business and leisure travelers,” says Ruiz-Covarrubias. “We’re excited to welcome guests and partners into a space that’s fresh, flexible, and authentically local.”

This new hotel is part of PEG’s broader Residence Inn Replacement Strategy, which includes multiple projects currently under development:

· A Residence Inn in Peabody, Massachusetts (under construction)

· A dual-branded Residence Inn and Courtyard by Marriott in Irving, Texas (under construction)

· A Residence Inn in Santa Fe, New Mexico (in the pipeline)

To commemorate the opening, PEG will host a ceremonial ribbon-cutting celebration on June 26, 2025, welcoming guests, community members, and stakeholders to experience the newest addition to Sacramento’s hospitality landscape.

For more information about PEG and its hospitality investments, please visit www.pegcompanies.com.

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