AC Hotel Milwaukee Downtown, with the same ownership as The Trade, is expected to open in late 2027. Representatives of NCG Hospitality, the Milwaukee Bucks and the City of Milwaukee held a ceremonial groundbreaking Wednesday afternoon for AC Hotel Milwaukee Downtown at 430 W. State St. Originally planned as a Moxy-branded hotel, NCG Hospitality announced in March that it would instead rebrand it as an AC Hotel by Marriott, though the project’s overall design remained largely unchanged. “AC Hotel is a brand originally inspired by the design and the culture of Europe,” Inman said, noting that the layout offers larger rooms, upgraded finishes and a quieter atmosphere tailored toward business travelers and convention visitors. AC Hotel Milwaukee Downtown is the latest of several ongoing or recently completed projects in the Deer District.