The developers for the hotel portion of the Baxter Village Project on Wildomar Trail closed escrow on the site on June 27 and have secured the rights to construct Marriott TownePlace Suites in that location. This will be the first hotel for the City of Wildomar.
The Baxter Village Project is an approved 35-acre mixed-use project that includes the hotel, medical office building, and future development of 204 apartments and 67 single-family homes.
The 102-room Marriott Hotel will sit adjacent to an 84,000-square-foot Kaiser Permanente medical office building currently under construction.
“This is very exciting news for Wildomar,” Mayor Joseph Morabito said. “Not only did we get to announce Marriott yesterday, but it has already been announced that Sprouts will start construction soon in another part of the city; these are big names for Wildomar and we could not be happier. We anticipate this will set the pace for even more high-end names coming to town.”
American Redevelopment Solutions (ARS) will be developing the hotel. ARS purchased the property from Strata Equity Group, a family-owned real estate investment company based in San Diego, California.
“We are excited to have secured the development rights to a Marriott Hotel in partnership with the City of Wildomar.” Ronald Darling, CEO of American Redevelopment Solutions, LLC said. “Having financed and developed several Marriott-branded hotels throughout Southern California, we are keenly aware of how selective Marriott International Inc. is in the hotel site-selection process and their swift approval of the Wildomar Trail site is a testament to the city’s strong fundamentals and robust forward-looking planning and potential. We look forward to working closely with the City of Wildomar in the coming months to finalize the design details and bring this project to fruition as soon as possible.”
