Agenda No. SS GATEWAY TO LIDO VILLAGE AND THE NEWPORT PENINSULA. City of Newport Beach / City Hall Site Reuse.

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1 Agenda No. SS LIDO HOUSE HOTEL GATEWAY TO LIDO VILLAGE AND THE NEWPORT PENINSULA City of Newport Beach / City Hall Site Reuse April 23, 2013

2 AGENDA OVERVIEW PROJECT TEAM HOTEL CONCEPT PROJECT EXECUTION WHY RD OLSON? 2

3 OVERVIEW

4 RD OLSON DEVELOPMENT - OVERVIEW Bob Olson and R.D. Olson Development - Local passion and unique hotel development experience. Lives on Balboa Island. Track record of developing and owning successful new hotels that reflect the local community. 4 new hotels opened in the last 18 months with 2 opening this summer. Invested $200 million in new-build hospitality properties since 2010 and over $450 million invested in new-build hotels since A proven track record of working with Cities on similar projects. RD Olson Construction: $2 billion in hospitality construction since its inception. Local projects include Marriott Newport Beach Villas Fairmont Newport Beach. 4

5 PROJECT TEAM

6 PROJECT TEAM WATG One of the world s premier hospitality design firms. Destination Hotels and Resorts Southern California based premier hotel management company focusing on authentic ti independent d boutique and luxury hotels. Sue Firestone Award winning hospitality interior design firm. PKF Hospitality Consulting - Bruce Baltin Industry leading hotel consulting, forecasting and appraisers. Fuscoe Engineering Irvine based full service civil engineering firm. 6

7 HOTEL CONCEPT PROGRAM

8 THE LIDO HOUSE HOTEL PLAN Lido House Hotel 130-room upscale boutique hotel: Serves as a true gateway to the Newport tpeninsula. W.K. Grill: This upscale full service restaurant will be a focal point of activity for guests and locals alike. Spa & Fitness Center: The spa will offer facials, massages, manicures, pedicures and will overlook the interior courtyard of the hotel. Architecture: Fits in with Lido Village and surrounding communities with Newport Nautical, similar to Cape Cod designs. Bay to Beach Park: Our plan sets aside.7 acres for the park to be utilized as a public gathering place and improves circulation for pedestrians to and from the marina and the beach. Ballroom & Meeting Rooms: Lido House Hotel will be able to host small conferences, gatherings, weddings, and multiple meetings with a large main ballroom and four additional meeting rooms. Rooftop Lounge & Viewing ing Deck 8

9 DESIGN TEAM WATG One of the world s premier hospitality design firms 145,000 hotel rooms completed Significant Orange County experience Island Hotel Newport Beach Ritz Carlton Laguna Niguel Hyatt Regency Huntington Beach Hilton Huntington Beach Marriott Newport Coast Villas Recent track record with RD Olson Development Irvine Spectrum Hotel starts construction May 1 Greg Villegas Associate Vice President, Director of Construction & Full Service 9

10 ARRIVAL VIEW PROJECT CONCEPT Architecture

11 PROJECT CONTEXT PLAN 11

12 130 rooms 99,625 sf which meets density limit Newport Maritime beach house architecture which is compatible with neighborhood Guest rooms set back from Newport Blvd. in quieter, more intimate setting True breakup in massing

13 GROUND FLOOR PLAN Porte Cochere Lobby WK Grill Restaurant Spa and Fitness Center Ballroom and Meeting Rooms Retail on 32 nd St. Realistic, functional back of house space Surface parking which includes public parking 13

14 LANDSCAPE PLAN Bay to Beach Park A True Public Space Both ficus trees remain untouched The Deck The Oval Lawn History Pylons Reconstituted wood benches Free public wi-fi Pool and Courtyard Appropriate public separation Dining Patio Two way outdoor fireplace Event lawn Rooftop Terrace Bar and seating Ultimate cabana 14

15 ARRIVAL ELEVATION 15

16 NEWPORT BLVD. ELEVATION 16

17 HOTEL CONCEPT GUEST EXPERIENCE

18 DESTINATION HOTELS & RESORTS Manage 10,700 hotel rooms in 42 hotels ranging from 60 to 600 rooms Focus on authentic, independent hotels in iconic locations including Rancho Palos Verdes, La Jolla, Coronado, Del Mar, San Diego Unparalleled Southern California coastal experience Terranea Resort Rancho Palos Verdes Paradise Point Mission Bay, San Diego Hotel Del Coronado Coronado Estancia La Jolla La Jolla L Auberge Del Mar provides the best analog for Lido House Hotel Upscale casual environment Authentic guest experience Unforgettable dining, lounge, and spa experiences Blends will with the local neighborhood and is an extension of local culture Overall, a really fun place to be 18

19 HOTEL GUEST EXPERIENCE & OPERATING PLATFORM Our Goal Provide our guests with the unforgettable experience of spending the night in the ultimate beach house in Newport Beach The Location Gateway to Newport Peninsula The Place The Quintessential Southern California Beach House The Experience A Beach Casual Neighborhood Icon for Locals and Our Eclectic Guests Southern California Beach Casual with a Yacht Club Sophistication Extended Stay Units Your Home Away From Home Careful balance and separation between public space and private retreat 19

20 Our Goal Provide our guests with the unforgettable experience of spending the night in the ultimate beach house in Newport Beach Guest Experiences

21 A beach casual neighborhood icon for locals and our eclectic guests. Food & Beverage Experience

22 The quintessential Southern California beach house Guest Rooms

23 Guest Bathrooms -Southern California beach casual with a yacht club sophistication -Extended Stay Units Your home away from home -Careful balance and separation between public space and private retreat

24 PROJECT BENEFITS

25 ECONOMIC BENEFITS Millions in direct revenue to City Ground Lease Payments Transient Occupancy Tax Sales Tax Property Tax Visitor Spending: Additional direct and indirect spending from hotel guests and visitors to the hotel. Benefit: $400 million in total economic benefit, more than 10 times greater than apartment use 25

26 COMMUNITY BENEFITS Significant private investment in Lido Village New signature gateway to Newport Peninsula High quality lodging for visitors and families of local residents Neighborhood friendly hotel amenities restaurant, bar, roof deck, day spa, retail Attracting well heeled visitors, small business conferences, and leisure guests who spend money in local shops, restaurants Public Bay to Beach Park Better utilization of Lido Theatre Increases value of adjacent real estate The hotel will serve as a catalyst for other area investment construction jobs and permanent jobs 26

27 PROJECT EXECUTION

28 PROJECT IMPLEMENTATION & SCHEDULE Our community outreach has already begun We have extensive entitlement and design experience Extensive experience with Coastal Commission Realistic, financeable construction plan/schedule One, Two, Three and dfour story, slab on grade construction ti Surface parking eliminates mass excavation into water table and accelerates schedule, minimizing disruption to City and bringing City benefits sooner Schedule Milestone City & Community Group Meetings/Design May 2013 Design & CEQA Process June 2013 Planning Commission Hearing December 2013 Coastal Commission Hearing June 2014 Groundbreaking September 2014 Certificate of fo Occupancy /O Opening September

29 WHY R.D. OLSON DEVELOPMENT?

30 WHY RD OLSON? Local: We know Newport Beach. We live here. Hotel Experts: Uniquely qualified to build and operate this hotel. Achievable Plan: A realistic and financeable development strategy which we are certain we can finance, construct, and deliver to the community of Newport Beach. Track Record: More new hotels opened since the recession than any single developer in the West. Community: A hotel is what the community wants and needs. Proven Public Partner: Our team is the best partner for the City. The Best Opportunity Site in Lido Village: Is the City Hall site for a hotel location, visibility, access, views and adequate land to build a quality hotel 30

31 Q&A LIDO HOUSE HOTEL

32 SHOWCASE HOTELS Burbank Residence Inn Burbank, CA Opened Room Extended Stay Hotel

33 SHOWCASE HOTELS Renaissance Club bsport Aliso Viejo, CA Opened Room Hotel 174 Room Hotel 70,000s.f. Health Club

34 SHOWCASE HOTELS Santa Barbara/Goleta Courtyard Goleta, CA Opened Room Hotel

35 SHOWCASE HOTELS San Juan Capistrano Residence Inn San Juan Capistrano, CA Opened Room Hotel