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The original item was published from 3/6/2015 12:19:03 PM to 4/1/2016 12:05:00 AM.

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Menlo Park Greater M-2 Area Development

Posted on: March 6, 2015

[ARCHIVED] March 10, 2015 – Menlo Gateway Update

On March 10, 2015, the City Council will be conducting a study session on the Menlo Gateway project.  The study session will provide an opportunity to learn about the new hotel and the project review process.  

The hotel/health club component of the project has been revised as follows:

  • An increase in the number of hotel rooms from 230 to 250 plus a corresponding increase in projected annual transient occupancy tax (TOT) in 2020 of approximately $1.1 million from $2.2 million to $3.3 million;
  • An increase in the square footage of the hotel of approximately 20,000 from 173,000 to 193,000;
  • A decrease in the square footage of the health and fitness component of approximately 29,000 from 69,000 to 40,000; and
  • A net decrease in square footage of approximately 9,000. 

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