EJF Capital to Develop Marriott’s New “Moxy” Hotel in Uptown Oakland, CA Opportunity Zone in Partnership With Tidewater and Graves Hospitality

Tidewater Capital | February 21, 2019

ARLINGTON, Va. -- EJF Capital LLC ("EJF"), a global alternative asset management firm, announced today that it has joined Tidewater Capital and Graves Hospitality to develop Marriott International's new Moxy hotel in the Uptown neighborhood of Oakland, California. Uptown Oakland qualifies as an "Opportunity Zone" under the Tax Cuts and Jobs Act of 2017 ("TCJA") and offers investors attractive tax benefits to create economic growth. The planned Moxy hotel, which is slated to open in 2021, consists of 173 rooms and targets millennial travelers who are increasingly drawn to Oakland's energetic urban environment. EJF Co-Founder and Chief Op...