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This project is an upscale, select service, business hotel situated in a prime location in the City of Irvine, Orange County, California. The property is located in the Irvine Spectrum, a vibrant 5,000 acre master planned mixed use development providing over 24 million square feet of leasable office and industrial space, a shopping mall with 1.2 million square feet of outdoor retail space, and multi‐family residential

The development is a 210‐room, 8‐story Courtyard by Marriott at the northeast corner of the intersection of Alton Parkway and Irvine Center Drive. The hotel is located on a 4.51‐acre land
parcel and is designed with pool, spa, Bistro, bar/lounge, market, 5,000 square feet of meeting space, boardroom, and exercise room. Construction was commenced in May 2013 with the operations of the hotel beginning in July 2014.

Land Area 4.51 acres
Number of Rooms 210
Hotel Size 131,667 square feet

Refinanced 8/28/15

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R.D. Olson Development Breaks Ground on $50 Million Courtyard by Marriott at Irvine Spectrum

IRVINE, CA–(Marketwired – May 2, 2013) – R.D. Olson Development broke ground today on its latest hotel development, the 210-room Courtyard by Marriott Irvine Spectrum in Irvine, CA. Executives from R.D. Olson Development, Irvine Company, architecture firm WATG and Marriott International joined civic leaders from Orange County at the ceremonial groundbreaking. The new hotel represents the Southern California debut of Marriott’s latest Gen Next design and features an interior design theme that pays tribute to the rich history of the Irvine Ranch.

Construction will be performed by R.D. Olson Construction and is planned for completion in July 2014. R.D. Olson Development will retain ownership of the hotel upon completion, with Marriott International providing management services.

The new design features a reinvented lobby centered on the concept of Refreshing Business, fusing high-tech, high-style and greater functionality. Welcome pedestals replace the traditional front desk to create a more inviting reception for guests. An interactive GoBoard™ displays news, weather, traffic, local restaurants and other items of interest for guests, while semi-enclosed Media Pods feature individually controlled flat-panel TVs and offer a place to work, meet or relax.

“Marriott has done an outstanding job at anticipating guest needs and continually reengineering the lodging experience for business and leisure travelers,” said Bob Olson, CEO and founder of R.D. Olson Development.

The Bistro, a new food and beverage concept, will serve Starbucks coffees, full breakfast and lunch, and offer quick serve dining in a relaxed atmosphere. The hotel’s full service lounge is the perfect place for guests to meet before walking across the street to the many restaurant options at Spectrum Center, the premier outdoor retail center in South Orange County. Van service is also an option for guest transportation.

Guest rooms include technology features at the forefront of hotel design, including WiFi, big screen TVs with full connectivity, convenience plugs, iPhone/iPod docking stations and more.

The eight-story, 131,667-square-foot hotel is designed with a room mix that includes 94 king beds, 14 executive corner suites and 102 double queen bed configurations. The room mix caters equally well to weekday business guests and weekend leisure and group travelers, with more than half of the rooms able to accommodate multiple occupancy. Guest rooms will offer views of Saddleback Mountain, Laguna Canyon or Spectrum Center.

Public area amenities include a large lap pool measuring 75 feet by 35 feet, six technology-laden pool cabanas, a spa area, fire pits and a putting green. A 1,500-square-foot fitness center is equipped with the latest in cardio machines, weights and CrossFit workout gear. Additional amenities include a lounge area and bar, guest laundry and convenience market. The new Courtyard hotel will also offer 8,500 square feet of meeting space, including a 5,000-square-foot ballroom with a generous pre-function area, a 3,000-square-foot events lawn and a boardroom for private gatherings.

The Courtyard by Marriott Irvine Spectrum will have a favorable economic impact on the area, generating roughly $1 million in transient bed tax revenue annually and creating 50 to 60 new full-time and part-time jobs.

Located on a 4.5-acre parcel at the corner of Alton Parkway and Irvine Center Drive, the Courtyard by Marriott is in the heart of the Irvine Spectrum and is easily reached via the San Diego (I-405) Freeway at Irvine Center Drive, Santa Ana (I-5) Freeway at Alton Parkway and Laguna Canyon Road (SR-133). Laguna Beach and Newport Beach are close by, as is John Wayne Airport, University of California, Irvine and Disneyland.

The $50 million Courtyard by Marriott Irvine Spectrum will serve the growing demand for lodging regionally and from the 5,000-acre Irvine Spectrum, home to a 24 million-square-foot office and industrial market.

“We have worked with R.D. Olson and Marriot to create a hotel uniquely suited to the Irvine Spectrum and the needs of our office customers there,” said Steve Case, executive vice president of Irvine Company Office Properties. “With a design that speaks to modern, tech-savvy business travelers, this hotel is another step in the evolution of the Irvine Spectrum, with its mix of world-class office buildings, apartments, shopping and entertainment.”

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