Sacramento's Hospitality Market Poised for Long-Term Growth with Major Developments in Railyards and Natomas Projects
📈 Sacramento's hospitality market is thriving. Key projects include the Sacramento Railyards, featuring Kaiser Permanente's medical center opening in 2029 and a 19,600-seat soccer stadium set for 2026. Natomas has rebounded with a $1.4 billion airport expansion concluding in 2028 and a proposed $3.5-$5.5 billion teaching hospital by 2029. Despite occupancy challenges, ADR has exceeded pre-pandemic levels, driving RevPAR growth. In 2023, the city supported a 330-room convention-center hotel project to boost tourism.
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