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R.D. Olson Development Opens the $23 million Residence Inn
by Marriott in Oceanside, California
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IRVINE, Calif.- September 27, 2007 - R.D. Olson Development, a leading hotel developer, has opened the Residence Inn by Marriott in Oceanside, Calif. Marriott International’s Marriott Residence Inn brand, the world’s leading extended-stay hotelier, will manage the hotel for R.D. Olson Development.

Residence Inn is located in Ocean Ranch – a mixed-use master-planned community. It sits on a three-acre site, which R.D. Olson bought for $2.4 million in 2006.

“This is a particularly interesting hotel because it’s Marriott’s newest prototype for the extended stay market,” said Robert Olson, CEO/president, R.D. Olson Development. “Its concept, design and amenities are based upon customer input, which is indicative of the priority Marriott places on keeping its customers satisfied.”
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Marriott’s Oceanside prototype has taken the luxury of its all-inclusive extended-stay guest suites one step further. While each has a living space, kitchenette and bath, it’s the enriched style, comfort and technology that set this hotel apart. Top-of-the-line Serta mattresses padded with cushiony pillow tops covered with attractive duvets make for an enjoyable experience any weary traveler or businessperson would appreciate. Warm-toned hardwood furnishings, exquisite granite kitchen countertops and a tasteful display of artwork local to the Oceanside community impart to guests a sense that they are being well cared for. From a complete line of utensils suited for even the most culinary-minded guests to plasma televisions, to wireless and hard wire Internet access, the extended-stay experience is now truly the next best thing to being home.

R.D. Olson Construction, a leading California hotel and restaurant builder also founded by Robert Olson, constructed the Residence Inn under the leadership of its president, Joe Kilar, at a project cost of $23 million. Seattle-based Johnson Braund Design Group, Inc. designed the four-story 85,000-square foot hotel, which houses 125 guest suites, including 87 studios, and 22 one-bedroom and 16 two-bedroom suites. The hotel also has a pool, spa, sport court, meeting space, exercise room and library lounge.

Robert Olson founded R.D. Olson Development in 1998, which has since gained standing as a leading hotel developer. Current projects include the development of a $67 million Marriott Renaissance ClubSport in Aliso Viejo, Calif., which is a combined 174-room full-service Marriott Renaissance Hotel brand and 70,000-square-foot world-class fitness center; and a soon-to-open $37 million five-story 166-room Marriott Residence Inn, located in downtown Burbank, Calif., which will cater to the entertainment industry.

The company’s most recently completed developments are an eight-story 174-suite Marriott Residence Inn, Irvine; a $62 million resort in the Anaheim Resort Zone, which consists of a seven-story Staybridge Suites and nine-story Holiday Inn; and the eight-story 526-bed University Village Towers, an upscale student housing project bordering the University of California, Riverside.

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Contact:

Lisa Porter, 949-216-9970 - office
714-791-8980 – cell
lisa@porterpr.com
photo at rd osle

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Also See: Hotel Development in the Anaheim, California Area Picks Up, But Lags the Pace in San Diego, Los Angeles and San Bernardino / June 2006
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