K-Elevate Hotel
Recently I saw an article about a “building of Airbnb” being built in Downtown San Diego. My first thought was, “Isn’t that called a hotel?”. I was already somewhat familiar with the project and it’s planned usage as a hotel, but decided to look into this a bit more.
Formally called “K-Elevate Hotel” on the City’s website, the project is located on the northwest corner of Island and 10th avenue. It is in East Village, less than 2 blocks from Petco Park. On the Hotel’s official website, they refer to it as Elevate on 10th, so we’re just going to refer to it as “Elevate”. The project is configured as 135 units, which according to their website, are built to meet the code requirements as both a Hotel and Residential building. Elevate is officially permitted as a hotel, which is why short term rentals are allowed. Each of the 135 units will have a full kitchen, as well as a washer and dryer. This gives Elevate the ability to accommodate both short term and long term stays.
Project Details:
- 135 Hotel Units
- 8 Stories
- Full Kitchen in each unit
- Washer/Dryer in each unit
- Permitted as a hotel
- Built to meet the code requirements as both a hotel and residential building
- Ability to accommodate both short and long term stays
- Located at the corner of 10th and Island
- Less than 2 blocks from Petco Park
What are my thoughts?
I think it is an interesting concept. When I first saw the headlines about the project, I definitely felt like it was a publicity stunt for media coverage. Once I did more research, I realized this concept is actually quite popular in Europe. In fact, in 2019 I went to Barcelona with my wife and a few friends. We actually stayed in a building made up of short term rental units. It was a 3 bedroom 2 bathroom flat with a full kitchen. The building had management onsite to check us in and out, as well as assist with any questions. I thought it was a great concept, but never really revisited the idea since our stay. It appears this trend is becoming more and more popular. It blurs the lines between Hotels and Airbnb, and is especially convenient for groups or families traveling together.
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Give me a call today at (619) 228-6790 or email me at Ryan@www.livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!
