Business Details
14 Years
experience
Trusted Hotel Development Partners in Atlanta, GA
Hotel Development Partners (HDP) is an Atlanta, Georgia-based joint venture formed by Hotel Equities and IRE Capital. Our mission is to create value in hospitality through ground-up construction and redevelopment of existing hotels. With decades of combined experience in the hospitality industry, our team specializes in identifying unique investment opportunities that others overlook. By partnering with premier hotel brands like Marriott, Hilton, and Choice Hotels, we deliver attractive, risk-adjusted returns to our fund investors. Our principals bring a wealth of knowledge and industry networks, ensuring each project is executed with precision and strategic insight.HDP has successfully developed over 17 hotels, primarily in the select-service category, with notable projects including the Residence Inn Jacksonville Mayo Clinic and Courtyard by Marriott in Alpharetta, GA. Our approach combines analytical rigor with creative problem-solving, enabling us to transform underutilized assets into profitable ventures. We pride ourselves on fostering long-term relationships with institutional and private investors, leveraging our expertise to maximize value across all stages of development. From zoning exceptions to mixed-use partnerships, our track record demonstrates a commitment to innovation and excellence in hospitality real estate.
Services
Hotel Development
Investment Opportunities
Brand Partnerships
Project Management
Redevelopment
Details
- Year established: 2012
Highlights and features
- We offer decades of combined experience in hospitality development and investment.
- Our team partners with top-tier hotel brands like Marriott and Hilton for proven results.
- We identify unique opportunities others overlook through strategic market analysis.
- Our principals have executed over 17 hotel projects with successful track records.
- We deliver risk-adjusted returns through creative solutions for complex developments.
Services
Hotel Development
HDP specializes in developing select-service hotels through strategic partnerships with top brands. Our expertise includes site acquisition, zoning, and execution of complex projects. We create value by transforming underutilized assets into high-performing properties that meet market demand.
Investment Opportunities
We offer investors access to curated hospitality projects with attractive risk-adjusted returns. Our funds focus on markets with strong growth potential, leveraging our team's industry insights to identify and execute profitable ventures.
Redevelopment
HDP revitalizes existing hotels to enhance value and competitiveness. Our redevelopment projects incorporate modern design, operational efficiencies, and brand alignment to meet evolving guest expectations and market demands.
People
Robert J. McCarthy
Chairman of the Board
Former COO of Marriott International with 38 years of hospitality experience. Leads HDP's strategic direction and brand partnerships, leveraging global industry expertise and a track record of launching innovative hotel concepts.
Frederick W. Cerrone
Chief Operating Officer
Founder of Hotel Equities and hospitality industry veteran. Serves as HDP's COO, overseeing operations and development. Recognized as 'Hotelier of the Year' and holds the Certified Hotel Administrator designation.
Allen T. O'Brien
Chief Executive Officer
Founder of IRE Capital and principal partner at HDP. Brings 30+ years of real estate investment experience, specializing in institutional partnerships and large-scale commercial developments across hospitality and retail sectors.
Brian K. Tarter
Chief Financial Officer
Responsible for HDP's financial oversight, acquisitions, and asset management. Previously served as CFO at a $500M real estate firm, with expertise in private equity and institutional real estate investments.
Questions
What types of hotels does Hotel Development Partners specialize in?
HDP focuses on select-service hotels under premier brands like Marriott, Hilton, and Choice Hotels, prioritizing locations with high demand from corporate, leisure, and medical travelers.
How does HDP identify unique development opportunities?
Our team leverages decades of industry experience and networks to spot underutilized assets, such as the Atlanta Perimeter project, which required 22 zoning exceptions to unlock value.
Can HDP assist with mixed-use developments?
Yes, we integrate hotels with retail, residential, and commercial components, as seen in projects like the 1.7M SF Fashion Outlets and Armature Works in Washington DC.
What markets does HDP operate in?
While based in Atlanta, HDP develops projects nationwide, with recent work in Jacksonville, Alpharetta, and partnerships spanning 27 states through IRE Capital.
How does HDP ensure investor returns?
We focus on risk-adjusted returns by combining strategic acquisitions, creative financing, and partnerships with institutional investors to maximize project profitability.
