What Rida Development does

RIDA Development Corporation is a privately held, family-controlled real estate development and investment firm founded in 1975 by David Mitzner in Houston, Texas, and now led by his son Ira Mitzner as President & CEO. The firm acquires, develops, repositions, and owns large-scale real estate assets across the Americas and Europe, with concentration in multi-branded conference hotels, mixed-use and master-planned communities, office, retail, industrial, and residential properties. Core competency is the development and repositioning of capital-intensive, complex projects — flagship assets include the Marriott Marquis Houston (1,000 keys, opened 2016), Hilton Orlando (1,424 keys, opened 2009), Omni Orlando Resort at ChampionsGate, Hyatt Regency Orlando (1,641 keys, acquired 2024), Gaylord Rockies (1,501 keys, delivered 2018), and the $1.3B Gaylord Pacific Resort & Convention Center (1,600 keys, delivered May 2025) — frequently executed through public-private partnerships and joint ventures with major hotel brands and institutional capital providers.

Revenue is realized through a combination of development for own account and with joint venture partners (with gains recognized on asset sale or stabilization), ongoing rental income from owned and repositioned stabilized properties (notably Warsaw Trade Tower, Jerozolimskie Business Park, ChampionsGate retail and office, and various Polish office and industrial assets), and management and development fees paid by institutional co-investment partners. The go-to-market is enterprise, relationship-driven, and project-based: RIDA works directly with major hotel brand operators (Marriott, Hyatt, Hilton, Omni) that manage the properties post-development, with institutional capital providers (Apollo Global Management via the Apollo-RIDA JV for Central Europe, Ares Management for US hospitality assets, AEW Capital Management for net-leased retail), and with government entities on multi-year, billion-dollar projects such as the Chula Vista Bayfront redevelopment with the City of Chula Vista and Port of San Diego.

The platform is organized around durable institutional capital relationships rather than technology: the Apollo-RIDA joint venture has been the primary vehicle for Central European investment since the early 1990s and has executed landmark transactions including the 28-asset Metro AG portfolio in Poland and the Kaufhof Galeria portfolio in Germany; the Ares Management partnership now drives US hospitality acquisitions and ground-up developments like Gaylord Pacific. The firm self-describes as the largest private developer and owner of multi-branded conference resorts, with $14B+ in gross asset value developed or acquired and 19M+ square feet delivered over a 50-year history. Operations are run from three offices — Houston (corporate HQ), ChampionsGate FL (US Southeast), and Warsaw (European HQ) — with a lean team of approximately 50 handling development, construction, asset management, and finance.

Name

Rida Development

Legal name

RIDA Development Corporation

Website

https://ridadev.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Short description

RIDA Development Corporation is a privately held, family-controlled real estate development and investment firm that develops, acquires, and owns large-scale hospitality, mixed-use, office, retail, industrial, and residential properties across the Americas and Europe, primarily serving major hotel brands, institutional investors, and public-sector partners through landmark conference-hotel and master-planned community projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Marketing or Sales, Personnel

Revenue model

1. Real Estate Development: RIDA generates revenue through developing hotel, resort, mixed-use, office, retail, and industrial properties for its own account and with joint venture partners. Revenue is realized upon sale of developed assets, ongoing rental income from owned properties, and management/development fees from partnerships.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

RIDA Development Corporation is a global real estate development and investment firm that acquires, develops, and owns large-scale hospitality, mixed-use, office, retail, residential, and industrial properties across the Americas and Europe. The company delivers landmark conference hotels and resorts (often via joint ventures with institutional capital and operating partners such as Marriott, Hyatt, Hilton, and Omni), master-planned communities, commercial office campuses, shopping center portfolios, industrial logistics parks, and residential communities. Revenue is realized through property sales, rental income, and development/management fees from partnerships.

Product overview

RIDA Development Corporation is a global real estate development and investment firm offering a diversified portfolio of property types across the Americas and Europe. The company's product portfolio consists of multiple distinct brands and property categories: (1) Hospitality - a collection of conference hotels and resorts including Marriott Marquis Houston, Gaylord Pacific, Hyatt Regency Orlando, Omni Orlando Resort at ChampionsGate, Hilton Orlando, Gaylord Rockies, Hyatt Regency New Orleans, Sheraton Lake Buena Vista, and DoubleTree Pittsburgh-Green Tree; (2) Office - properties including Warsaw Trade Tower, Jerozolimskie Business Park, Equal Business Park, Renaissance Tower, Renaissance Plaza, 3120 Southwest Freeway, Heweliusza 18, and ChampionsGate Office Complex; (3) Industrial - Zeran Park I and II in Warsaw, Poland; (4) Retail - ChampionsGate Downtown Retail, Metro AG Portfolio (28 shopping centers in Poland), Kaufhof Galeria Portfolio (14 department stores in Germany), and Global Net Lease Portfolio; (5) Residential - Preserve at ChampionsGate, Villas at ChampionsGate, and Rajska 8 Apartments; (6) Golf/Recreation - ChampionsGate Golf with Greg Norman-designed courses. The company operates as a single integrated real estate development platform rather than a modular software product, with regional offices in Houston, Orlando, and Warsaw managing these diverse property portfolios.

Differentiator

Problem solved

Functional benefit

Brands

• Apollo-RIDA: Joint venture real estate development and investment firm focused on Central Europe, including Poland and Germany.

Products and services

• Marriott Marquis Houston Flagship hospitality property in downtown Houston, TX featuring 1,000 guest rooms including over 50 suites, over 150,000 square feet of meeting space, rooftop infinity pool, Texas-shaped lazy river, multiple dining options, and a full-service spa. Operated by Marriott International.
• Gaylord Pacific Resort & Convention Center Premier conference resort along the Chula Vista Bayfront featuring 1,600 guest rooms and suites, over 450,000 square feet of indoor and outdoor meeting space, multiple dining options, full-service spa, and recreational amenities. Developed jointly with Ares Management and operated by Marriott under the Gaylord brand.
• Hyatt Regency Orlando Hotel on International Drive in Orlando, FL featuring 1,641 guest rooms, over 300,000 square feet of meeting space, and direct connection to the Orange County Convention Center. Operated by Hyatt under the Hyatt Regency brand.
• Omni Orlando Resort at ChampionsGate Premier resort in ChampionsGate, FL featuring 1,005 guest rooms and suites, two- and three-bedroom villas, over 250,000 square feet of meeting space, two championship golf courses, signature Mokara Spa, and pool complex with wave pool and lazy river. Operated by Omni Hotels & Resorts.
• Hilton Orlando Cornerstone hotel of Orlando's convention district featuring 1,424 contemporary guest rooms including spacious suites, over 200,000 square feet of meeting space, and direct connection to the Orange County Convention Center. Operated by Hilton Worldwide.
• Gaylord Rockies Resort & Convention Center Expansive resort near Denver International Airport featuring over 1,500 guest rooms including luxurious suites, more than 500,000 square feet of flexible meeting space, sprawling water park with indoor and outdoor pools, and Rocky Mountain views. Operated by Marriott under the Gaylord brand.
• Hyatt Regency New Orleans Hotel in downtown New Orleans following $275 million redesign featuring 1,193 guest rooms, 200,000 square feet of event space, located adjacent to the Mercedes-Benz Superdome and French Quarter. Operated by Hyatt.
• Sheraton Lake Buena Vista Resort near Walt Disney World featuring 486 guest rooms and suites, two outdoor pools, full-service spa, and 24,500 square feet of meeting space. Operated by Marriott under the Sheraton brand.
• DoubleTree by Hilton Pittsburgh - Green Tree Hotel near downtown Pittsburgh featuring 460 guest rooms and suites, seasonal outdoor pool, indoor pool, fitness center, and 40,000 square feet of flexible event space. Operated by Hilton under the DoubleTree brand.
• Warsaw Trade Tower Iconic 208-meter, 43-story Class A office skyscraper in Warsaw, Poland - among the tallest buildings in the country - acquired and repositioned by RIDA for international business tenants.
• Jerozolimskie Business Park Modern business hub of four buildings on Aleje Jerozolimskie in Warsaw offering 16,000 m² of usable area with flexible office arrangements; comprehensive modernization completed in 2017.
• Equal Business Park Modern A-class office complex in Kraków's Podgórze district comprising four buildings offering over 60,000 square meters of office space with canteen, café, kindergarten, and green relaxation areas.
• Renaissance Tower Premier 15-story Class A office building developed by Apollo-RIDA in Warsaw's central business district featuring modern, high-specification office spaces with efficient floorplates.
• Renaissance Plaza Seven-story Class A office building developed by Apollo-RIDA in 1998 offering 9,830 square meters of modern office space in Warsaw's dynamic business district.
• 3120 Southwest Freeway Strategically positioned office and commercial space along a major thoroughfare in Houston, Texas.
• Heweliusza 18 Class A office building in Gdańsk's city center featuring sustainable construction with BREEAM Excellent Certificate, designed by JEMS Architekci.
• Zeran Park I Premier industrial and logistics hub in Warsaw with modern warehouse and distribution space designed for efficiency and flexibility with cutting-edge infrastructure.
• Zeran Park II Modern industrial and logistics space in Warsaw's Annopol district with flexible warehouse solutions and advanced infrastructure.
• ChampionsGate Downtown Retail Strategic retail destination off Interstate 4 serving over 22,500 consumers within a three-mile radius in the ChampionsGate community near Orlando, Florida.
• Metro AG Portfolio Portfolio of 28 Metro AG-anchored shopping centers across Poland acquired via sale-leaseback agreement with Germany's Metro Group.
• Kaufhof Galeria Portfolio Portfolio of 14 department stores across Germany acquired through a sale-leaseback agreement with Kaufhof Galeria by Apollo-RIDA.
• Global Net Lease Portfolio Diversified portfolio of triple net leased real estate developed through partnership between AEW Capital Management and RIDA Development Corporation.
• Preserve at ChampionsGate Premier residential community in ChampionsGate, Florida featuring single-family homes, villas, and townhomes built in 2019 with resort-style amenities, fitness center, and walking trails.
• Villas at ChampionsGate Luxury villas adjacent to Omni Orlando Resort at ChampionsGate featuring access to resort amenities including spa, golf courses, multiple pools, and ten restaurants.
• Rajska 8 Apartments Modern apartment building in Gdańsk featuring 170 apartments ranging from 30 to 130 m² with design inspired by Gdańsk's traditional Hanseatic patterns.
• ChampionsGate Golf ChampionsGate Golf Club featuring two 18-hole championship courses designed by Greg Norman, a 9-hole lighted par-3 course, and the David Leadbetter Golf Academy.
• ChampionsGate Office Complex Premier business hub within the ChampionsGate master-planned community featuring modern, energy-efficient office spaces with flexible layouts and state-of-the-art technology.
• Ashford West Shopping Center Vibrant retail destination in Houston, Texas along Memorial Drive offering diverse mix of shopping, dining, and service-oriented businesses.

Quantifiable outcome

• $14B+ gross asset value acquired/developed
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Marriott InternationalcoreStrategic or Co-development Partner · 27 July 2022Marriott International owns the Gaylord brand and manages Gaylord Pacific Resort & Convention Center. Marriott also has relationships through other RIDA-developed properties. The partnership involves development, branding, and ongoing hotel management.
• City of Chula Vista & Port of San DiegocoreStrategic or Co-development Partner · 27 July 2022Three-decade public-private partnership to redevelop the Chula Vista Bayfront. The City of Chula Vista and Port of San Diego collaborated with RIDA/Ares for the Gaylord Pacific development, representing transformative economic development for the South Bay region.
• Apollo Real Estate AdvisorscoreStrategic or Co-development PartnerApollo-RIDA joint venture established for Central European real estate investments. Apollo-RIDA has completed landmark acquisitions including 28 Metro AG-anchored shopping centers in Poland ($1B deal, Central Europe's largest real estate acquisition at the time) and 14 Kaufhof Galeria department stores in Germany. The partnership operates across Poland, Germany, and other European markets through various Apollo-RIDA entities.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pebblebrook Hotel Trust: Lodging REIT with significant resort and urban hotel exposure, including properties operated by major brands. Comparable as a brand-managed, upscale hotel owner with similar capital-intensive acquisition and repositioning strategy.
• Host Hotels & Resorts: Largest US lodging REIT focused on upscale, convention-oriented, and resort hotels. Directly comparable as a major owner of large convention-center-adjacent hotels similar to RIDA's Marriott, Hyatt, and Hilton portfolio.
• Ryman Hospitality Properties: Owns and operates the Gaylord Hotels brand and the Gaylord Rockies and Gaylord Opryland convention resorts. Directly comparable because RIDA develops the physical Gaylord-branded assets that Ryman brands and operates.
• RLJ Lodging Trust: Lodging REIT with a focused portfolio of premium-branded, group-oriented hotels. Comparable as a brand-managed lodging owner acquiring premium urban and resort properties similar to RIDA's flagship conference resorts.
• Crescent Real Estate: Texas-based private real estate investor and developer with a flagship conference hotel portfolio (including The Crescent complex and office towers in Dallas/Fort Worth). Comparable as a private, large-scale developer focused on conference hotels and Class A commercial real estate.
• Park Hotels & Resorts: Lodging REIT focused on group/convention and leisure hotels, including the Hilton Orlando directly connected to the Orange County Convention Center — a direct comparable to RIDA's Hilton Orlando and Hyatt Regency Orlando assets.
• Five Point Holdings: Owner and developer of large master-planned mixed-use communities in California. Comparable as a developer of integrated mixed-use communities similar in structure to RIDA's ChampionsGate master plan.

Broad incumbents

• Tishman Speyer: Globally active private real estate developer and investor with a portfolio spanning office, residential, retail, and life sciences. Comparable as a broad-incumbent large-scale developer with similar institutional capital partnerships.
• Brookfield Property Group: One of the world's largest real estate operators and developers across office, retail, multifamily, and hospitality. Comparable as a broad-incumbent competitor in large-scale, mixed-use, and hospitality real estate development.
• Related Companies: Large privately held real estate developer known for master-planned mixed-use projects (Hudson Yards, CityPlace). Comparable as a broad-incumbent peer in large, multi-asset master-planned developments like ChampionsGate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RIDAdev
• LinkedInlinkedin.com/company/rida-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rida Development