The AC Hotel by Marriott at 200 Squire Drive, Newtown Square, held a grand opening Thursday. It’s the first AC Hotel in the region. The five-story hotel features 140 rooms, 2,200 square feet of meeting and event space, a daytime café that turns into a nighttime lounge, and a 24-hour fitness center, according to a press release.

The hotel is part of the final development phase at Ellis Preserve, a 218-acre master planned community, making it ideal for regional business travelers and event and wedding guests. The final phase also includes Ellis Mass Timber, a 105,000-square-foot five-story mass timber office building, 75,000 square feet of shopping and dining venues and The Ivy, an 18,000 square-foot conference and banquet facility, the press release added. Altogether, Ellis Preserve includes nearly 2 million square feet of office space, 364,000 square feet of retail, dining and event space, The Harrison and Madison Ellis Preserve luxury apartments as well as “for sale” residential opportunities.

“The addition of AC Hotel Newtown Square underscores our commitment to making Ellis Preserve the premiere live, work, play destination for our growing business and leisure community alike,” said Stephen Spaeder, president and CEO of Equus Capital Partners. “AC Hotels, with its dedication to both form and function, has been a highly anticipated complement to our growing network of business, event, retail and dining concepts at Ellis Preserve.” Equus is a national real es.