Hotel Development Partners

Hotel Development Partners (HDP) is an Atlanta-based real estate investment firm focused on acquiring and developing premier-branded, select-service hotels. The firm was established as a joint venture between Hotel Equities and IRE Capital, combining their expertise in hotel management and development. HDP's portfolio includes properties such as the Residence Inn by Marriott in Surfside, Florida, and the Courtyard by Marriott in Alpharetta, Georgia. The firm's investment strategy centers on identifying and developing high-quality hotel assets in key U.S. markets, leveraging its partners' extensive industry experience to enhance property value and operational performance. HDP's approach involves a comprehensive understanding of market dynamics, meticulous project execution, and a commitment to delivering superior hospitality experiences. This strategy has enabled the firm to establish a strong presence in the hospitality sector, contributing to the growth and success of its portfolio.

HDP's leadership team comprises seasoned professionals with deep industry knowledge. Robert J. McCarthy, Chairman, brings over 38 years of experience from Marriott International, providing valuable insights into hotel operations and development. Allen T. O'Brien, CEO, founded IRE Capital in 1993 and has a background in private equity and development, overseeing investments exceeding $2.7 billion. Frederick W. Cerrone, COO, serves as Chairman and CEO of Hotel Equities, a full-service hotel management and development firm operating more than 60 hotels across North America. Their combined expertise and strategic vision drive HDP's success in the competitive hospitality investment landscape.

Through its strategic partnerships and experienced leadership, Hotel Development Partners continues to expand its portfolio, focusing on high-quality, select-service hotels that meet the evolving needs of travelers and investors alike. The firm's commitment to excellence in development and management ensures that each property under its ownership delivers exceptional value and performance, solidifying HDP's reputation as a leading player in the hospitality investment sector.