Redreef Founding
Redreef sárl is an approved hotel developer for several internationally known hotel brands, including the Hyatt Corporation, IHG, and Hilton Hotels & Resorts.
Our team is currently seeking to invest and develop hospitality and tourism projects in the centre of first tier European cities. Utilising our experience and resources, we will work closely with local affiliates and industry leaders to put at least five hotel projects in the pipeline by end of 2024.
History
After founding a San Francisco Bay Area-based limited liability corporation specialising in multi-use real estate development and management in 2002, Siavash Barmand and the Redreef team are focusing on hospitality development projects globally, especially in continental Europe.
To date, our US division, MetroPacific Properties has been involved in over USD250 million worth of real estate project developments, management, rehabilitation, and consulting services. We successfully completed several projects ranging from USD2 million to USD60 million in the United States. This included repositioning of a hotel casino tower into residential apartments in state of Nevada, USA, and a ground-up development and opening of a Hyatt Place Hotel in Riverside, California.
Our team completed several development management projects for multi-residential use in California. One of our specialties is urban mixed-use development, which includes, residential, retail, and hotel components, by partnering with the local government and municipality agencies.
We have also had investments in the hospitality and food & beverage sector in British Columbia, Canada, the Pan Pacific Whistler Village and the Dubh Linn Gate Irish Pub in the Pan Pacific Whistler Mountainside.
One of our more recent projects was the successful development of a 128-key Hyatt Place Hotel in Riverside, California. We started at the ground level, in a competitive developer selection process in 2006. We then negotiated a disposition and development agreement with the City of Riverside, developed the hotel and opened it in 2012. The hotel was sold in 2017.