Irvine’s R.D. Olson Construction has begun a comprehensive renovation project on the hotel, which is on the Anaheim Convention Center campus. The area is beginning to see crowds again, with the convention center prepping to get more events, and Disneyland now open.
The Sheraton is OC’s 12th largest hotel by room count and No. 22 by meeting space.
Plans for the renovation began in January 2020 when New York-based Taconic Capital Advisors bought the hotel for about $51 million, or nearly $103,000 per room, from Bethesda, Md.-based CW Capital.
The hotel was first built in the 1970s; the renovation is expected to wrap in the second quarter of next year.
While R.D. Olson Development, the Newport Beach-based hotel development affiliate of the construction company, has shied away from projects in Anaheim of late, the Irvine-based general contractor has been active in and around the city’s main tourism area.
It recently wrapped work on the Howard Johnson Anaheim Hotel and Water Playground in Anaheim’s Resort District, about a mile from the Sheraton Park Hotel.
R.D. Olson Construction said it will upgrade the guest rooms and common areas at the Sheraton, and will add two new rooms to the hotel, which features a mix of suites, king rooms and double king rooms.
The company “has strategically planned a phased remodel to ensure that the project has minimal impact to guests, staff and visitors to the Sheraton at the Park Anaheim,” said Bill Wilhelm, president of R.D. Olson Construction.
“We have extensive experience conducting renovations while hotels remain fully operational and look forward to partnering with Taconic Capital to complete this revitalization project while guests continue to enjoy all that the hotel has to offer.”
R.D. Olson Construction stayed busy throughout the past year despite the pandemic’s devastation on the local hospitality industry.
In May 2020, two months after the onset of coronavirus in Orange County, the firm had 16 projects in the works.
Projects currently underway include the mixed-use Bolsa Row in Westminster’s Little Saigon district, which will include a 200-unit apartment complex, stores, restaurants and the city’s first full-service and four-star hotel by Wyndham Hotels and Resorts.
Construction began last February and is expected to be completed by the end of this year.
It is staying busy among other product types as well.
Earlier this year, the firm broke ground on two residential projects including one in Fountain Valley.
The development, called Prado Family Homes, is a 50-unit, five-building community that’s part of a larger push into affordable housing for the firm, with north of 300 units underway across five developments in OC and Los Angeles.