Take some time to browse around and learn more about who we are and what we can do for you. Our current HDP Fund III project is the construction of a 155-room Residence Inn by Marriott located near the Jacksonville Mayo Clinic. HDP Fund II, in a Joint Venture with Alex Brown Realty, developed the 115-room hotel near Avalon, a mixed use development with retail, restaurants, movie theaters and a convention center.
Alpharetta is one of the newest and fastest growing suburbs north of Atlanta.
Alpharetta is one of the newest and fastest growing suburbs north of Atlanta.
Services
Based in Atlanta, Hotel Development Partners was formed by two successful hotel management and investment firms, Hotel Equities and IRE Capital, with the goal of acquiring and developing premier-branded, select-service hotels.
Our principals are Frederick W. Cerrone, Allen T. O'Brien and Bob McCarthy.
At HDP, we believe that excellence demands a solid foundation of passion, integrity, dependability, and commitment.
With this idea in mind, we hope to create value in hospitality through ground-up construction and redevelopment of existing hotels.
Our principals are Frederick W. Cerrone, Allen T. O'Brien and Bob McCarthy.
At HDP, we believe that excellence demands a solid foundation of passion, integrity, dependability, and commitment.
With this idea in mind, we hope to create value in hospitality through ground-up construction and redevelopment of existing hotels.
The HDP Investment Fund I, LLC portfolio includes 12 hotels with 1,225 rooms in Atlanta, Charleston, SC and Miami Beach.
This includes 10 Marriott branded select service hotels, one by Hilton and one by Choice.
The Residence Inn Miami Beach / Surfside and Hampton Inn & Suites Sterling Pointe were ground up construction projects.
Calendar year 2017 was the first year of operations after $116M of construction and renovations.
As of 2020, Fund I's portfolio consists of the Residence Inn Miami Beach Surfside as well as a restaurant and retail outparcel at the Sterling Pointe site.
This includes 10 Marriott branded select service hotels, one by Hilton and one by Choice.
The Residence Inn Miami Beach / Surfside and Hampton Inn & Suites Sterling Pointe were ground up construction projects.
Calendar year 2017 was the first year of operations after $116M of construction and renovations.
As of 2020, Fund I's portfolio consists of the Residence Inn Miami Beach Surfside as well as a restaurant and retail outparcel at the Sterling Pointe site.
Hotel Development Partners ("HDP") is pleased to announce the opening of HDP Investment Fund III, LLC (Fund III).
After the construction and redevelopment of 1,467 hotel rooms in Funds I and II, HDP has begun Fund III with the construction of a 155 room Residence Inn near the Mayo Clinic in Jacksonville, Florida.
Fund III will continue HDP's focus of creating value through the development and opportunistic acquisition of premium-branded select service hotels.
NOI margins between 35% and 45% from proven brands will help provide unique returns on investment.
After the construction and redevelopment of 1,467 hotel rooms in Funds I and II, HDP has begun Fund III with the construction of a 155 room Residence Inn near the Mayo Clinic in Jacksonville, Florida.
Fund III will continue HDP's focus of creating value through the development and opportunistic acquisition of premium-branded select service hotels.
NOI margins between 35% and 45% from proven brands will help provide unique returns on investment.
Hotel Development Partners is in the news!
Browse the various press releases below to find out what we have been up to and who we have been working with.
The 155-all suite Residence Inn by Marriott Jacksonville- Mayo Clinic Area hotel is now open.
With its upscale, stylish decor and a unique wellness through hospitality environment, the Residence Inn by Marriott will operate as a Marriott franchise, owned by Atlanta-based Hotel Development Partners and managed by Concord Hospitality Enterprises.
Browse the various press releases below to find out what we have been up to and who we have been working with.
The 155-all suite Residence Inn by Marriott Jacksonville- Mayo Clinic Area hotel is now open.
With its upscale, stylish decor and a unique wellness through hospitality environment, the Residence Inn by Marriott will operate as a Marriott franchise, owned by Atlanta-based Hotel Development Partners and managed by Concord Hospitality Enterprises.
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