Press Release:

Pacific Hospitality Group and R.D. Olson Development Break Ground on Luxury Hotel in Famed Huntington Beach

Jun 4 2014

FOR IMMEDIATE RELEASE

Hotel to add beach-chic and elegance to iconic Southern California surf town

Irvine, CA (June 4, 2014) – From Wi-Fi by the pool to wetsuits in the rooms, a new luxury hotel being built in Huntington Beach is expected to add a splash of style to this laid-back coastal destination. R.D. Olson Development and Pacific Hospitality Group will break ground today on the eight-story, 250-room Paséa Hotel & Spa, situated across from the famous Huntington Beach Pier, a mainstay in the iconic Southern California surf culture.

The groundbreaking ceremony includes executives from R.D. Olson Development and Pacific Hospitality Group, special guests close to the project, as well as Huntington Beach Mayor Matthew Harper. The hotel— a combination of beach-chic and elegance — will be integrated with the 191,000- square-foot Pacific City retail and entertainment center, also under development.

R.D. Olson Construction is general contractor for the project, which is scheduled for completion in early 2016. Pacific Hospitality Group (PHG) will manage the property as a part of its growing Meritage Collection, which includes independent hotels, resorts, wineries, and golf courses in California’s most desirable travel destinations, including Napa Valley, Newport Beach, Santa Barbara, and La Jolla.

In Spanish, paséa means to take a stroll, and combines the words “Pacific” and “sea,” evoking a slow and steady pace. The new hotel will be a modern oasis with an unrivaled sense of clean coastal style, while making guests feel comfortable with sand between their toes.

The new Paséa Hotel & Spa will be a short walk from the Huntington Beach Pier, which draws an estimated 16.3 million visitors annually. The property will be designed by renowned international hotel architect WATG, with the guest rooms designed by Monogram by Carlson, interior public spaces by Kay Lang + Associates, and the restaurant and bar by Costa Mesa-based Hatch Design Group.

“The hotel is ideally suited to complement the Southern California beach-inspired lifestyle,” said Bob Olson, founder and CEO of R.D. Olson Development. “We’re excited to begin construction on this exceptional project and to draw upon the culture of this storied surf city.”

The new Paséa Hotel & Spa will include:

• 250 ocean-view rooms and suites
• Balinese-inspired spa with both indoor and outdoor treatment areas
• Expansive custom designed pool area including an outdoor courtyard with water and fire features
• Signature restaurant with display exposition cooking and floor-to-ceiling views through warehouse glass into the entire kitchen, and a wood-fired inferno centerpiece
• Rooftop deck and bar overlooking the Pacific Ocean with exceptional views of Huntington Beach and stunning sunsets
• Spacious outdoor dining patio overlooking the ocean
• More than 25,000 square feet of event space, including an 8,700-square-foot ballroom and 6,000-square-foot event lawn, and 10 meeting rooms of various sizes
• A “social room” with a stunning built in bar, and the most advanced AV, music, and technology to personalize each event
• Blend Café serving fresh coffee, pastries, sandwiches, and early-evening wine by the glass
• In-room dining served 24-hours a day
• Pool service—food and cocktails from the signature restaurant served poolside or catering to private cabanas.

“We see Paséa Hotel & Spa as the quintessential location for group meetings and business conferences in Huntington Beach, as well as for the multi-generational guest seeking an activelifestyle travel experience,” said Tim Busch, CEO of Pacific Hospitality Group.

“Paséa Hotel & Spa promises to be an exceptional property in Huntington Beach, appealing to both the leisure and business traveler. With the amount of ocean-view outdoor space, the hotel is certain to be an ideal location for social events and upscale dining and nightlife. We are excited to add another luxury hotel and spa to our growing Meritage Collection,” said Kory Kramer, chief investment officer of Pacific Hospitality Group.

About R.D. Olson Development

Based in Irvine, Calif., R.D. Olson Development is engaged in the development and repositioning of commercial properties nationwide. A specialist in developing hospitality properties, the firm also develops office, retail, multifamily, and recreational projects. Robert Olson founded R.D. Olson Development in 1997 following nearly 20 years as founder and CEO of R.D. Olson Construction. The firm’s portfolio of developments may be viewed at www.rdodevelopment.com.

About R.D. Olson Construction

Founded by Bob Olson in 1979, R.D. Olson Construction is one of the top 50 general contracting firms in California. R.D. Olson Construction is a premier builder of hotel properties for several national hoteliers, including Marriott, Hilton, Hyatt, Ritz-Carlton, and Starwood. The firm recently completed construction on the LEGOLAND hotel in Carlsbad, the first of its kind in North America. R.D. Olson Construction is also an experienced builder of office, retail, restaurant, multifamily, and recreational projects. www.rdolson.com

About Pacific Hospitality Group, LLC

Since 1987, Pacific Hospitality Group, LLC (PHG) has maintained a strategic vision and strong sense of core values as guiding principles for business success. With luxury hotel properties from Napa Valley to Southern California, PHG’s growing portfolio of hotel and resort investments reinforces the company’s cohesive vision. PHG manages, develops, finances, and owns hotel assets in California including Bacara Resort & Spa in Santa Barbara, Balboa Bay Resort, Balboa Bay Club, Newport Beach Country Club, Estancia La Jolla Hotel & Spa, and The Meritage Resort and Spa in Napa Valley. In addition, the company owns and operates the Crowne Plaza Anaheim Resort, DoubleTree by Hilton Irvine Spectrum, and DoubleTree by Hilton Santa Ana / Orange County Airport. PHG successfully operates its hotels by consistently growing revenue while effectively managing costs, thereby maximizing each hotel’s NOI. By using a cluster strategy, PHG is committed to growing its market share and adding value to its portfolio through renovations, repositioning, and expansion. www.pacifichospitality.com

About Meritage Collection

Meritage Collection is a new life and style collection from Pacific Hospitality Group, which includes independent hotels, resorts, wineries, and golf courses. Meritage Collection offers exceptional travel and one-of-a-kind experiences in four of California’s most spectacular locations—La Jolla, Napa Valley, Newport Beach, and Santa Barbara. Blending the best in leisure and group travel, Meritage Collection débuted in 2013 and includes The Meritage Resort and Spa, Bacara Resort & Spa, Balboa Bay Resort, and Estancia La Jolla Hotel & Spa. For more information about Meritage Collection, please visit www.meritagecollection.com.

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Media Inquiries for Pacific Hospitality Group:

Resonate PR
Pam Devaney | 760.846.4640 | pam@resonatepr.com
Lauren Crowley | 949.204.7034 | lauren@resonatepr.com

Media Inquiries for R.D. Olson Development and R.D. Olson Construction:

IDEA HALL
Megan Barry | 714.263.8736 | megan@ideahall.com
Randy Hall | 714.263.8723 | randy@ideahall.com