Hotel development in high-barrier-to-entry markets
Site control, entitlement, capital, construct and stabilize. Principal-led on every project.
View the portfolioHotel development, principal-led
Stratus Development Partners is a hospitality development firm founded in Newport Beach by David Wood and Andrew Wood. The firm takes site control, secures entitlement, assembles the capital stack and delivers the building through stabilization.
Both principals present at every public hearing and remain on the project through stabilization.
About the firmHotels in development
Santa Barbara, Napa, Silicon Valley and San Diego. Sites reviewed across coastal California, the Coachella Valley and Park City.
Eleven hearings, eleven approvals
Eleven projects presented at public hearing. Eleven approved.
Coastal jurisdictions, historic districts and design review boards are where the firm works. Entitlement risk is priced at site control and carried by the firm.
The development processFinanced by the sponsor
Debt and equity are arranged by the principals. The sponsor's experience, key trade relationships, track record, balance sheet and completion guaranty stand behind each project.
Capital and delivery
Brands that have approved the firm as a development partner
Submit a site for review
Stratus reviews coastal and resort parcels, downtown sites, and existing hotels suitable for repositioning. Every inquiry is answered within three business days.
Site criteria