June 30, 2016
Newport Beach-based R.D. Olson Development and Irvine-based R.D. Olson Construction broke ground on a 118-room Residence Inn by Marriott in Goleta, CA. The project, being developed in partnership with Irvine, CA-based Joseph Martelli Real Estate Investments, Inc., is R.D Olson’s second ground up hotel development in the Santa Barbara region, and its eighth hotel project started or completed in the past year.
Construction at the 3.81-acre parcel on Hollister is slated to be completed in the second half of 2017. The three-story, 80,000-square-foot hotel is designed around a Mission architecture theme, and draws inspiration from the area’s Spanish and Native American culture.
R.D. Olson Development’s Bob Olson says, “As a result of continued growth and the large number of corporations that call the market home, there is an exceptional need for extended-stay product.”