We view development as a creative process and our ultimate goal is to make each new project stand out among the rest—to create places people want to be. Our dedicated team and decades of experience in the commercial real estate industry enable R.D. Olson Development to move a project through all development phases—obtaining entitlements and approvals, planning, designing, and building—quickly and efficiently.
Our formula for success is based on a business strategy of locating some of the best sites with high barriers to entry in select markets around the U.S. We are able to closely evaluate markets and capitalize on development opportunities to maximize income potential. The services we offer include:
Real Estate Opportunities
Determined to “Create Value” early in the process, RDOD begins by locating excellent real estate opportunities. Understanding the current hotel market conditions, debt and equity pricing and availability, current lodging asset values and hotel development costs and scheduling, RDOD pinpoints market opportunities for its own investment and select clients.
RDOD’s in-house financial team provides detailed investment analyses and business models on prospective development projects. Starting with market supply and demand, the hotel development costs are analyzed against the projected net operating income to determine the unleveraged and leveraged return on investment. This is then analyzed against our equity hurdle rates to determine if a project is worthwhile.
RDOD’s experience of bringing hospitality development projects from the conceptual stage to completion is second to none. Enjoying an excellent reputation for quality and performance with numerous city planning departments, RDOD’s projects are given serious consideration when presented.
RDOD selects and manages the design and engineering consultant team that is best suited for each individual project. A team that is both competitive and has the resources available to commit to the project is selected for each development project. Having worked with essentially all architects and designers in the lodging industry, RDOD has the resources necessary for every type of development.
With construction as its roots, RDOD has become one of the best construction managers in the hospitality business. RDOD works as a team leader to bring the constructors, architects, designers, FF&E contractors and the many vendors together to ensure a well-orchestrated process. Meeting budgets and time frames are the hallmarks of RDOC.
One of the most critical points in the hospitality development process is the final turnover of the property to the hotel management. RDOD understands the importance of accommodating the management and operations of the property so that hiring, training, vendor negotiations, final guest room setup, food and beverage operations and marketing can be coordinated with the final completion and turnover of the property.
The management of the asset, separate from the hotel management, is crucial for the property owners. Ensuring the team is on target for strategic and marketing goals and making necessary changes as required is critical to meeting the owner’s return on investment goals. RDOD has the experience working with the nation’s top hotel flags and managers in meeting these goals.
RDOD’s team is experienced in the ultimate divestiture of hotel assets, where a significant portion of the investment’s value is realized. The relationships in the brokerage community and reputation for development of quality product allows for RDOD to maximize value upon exit.