RIDA in the News

Gaylord Pacific Resort & Convention Center – Chula Vista, California, was named Development of the Year (full service). After over a decade of developer involvement, Gaylord Pacific, opened in May 2025 with a $1.3 billion completed budget. Developed by affiliates of RIDA and an Ares Management Real Estate fund, the property boasts 1,600 keys, 425,000 square feet of meeting space, and 12 F&B outlets. The development culminates a three-decade effort and public-private partnership between the City of Chula Vista and the Port of San Diego to redevelop the bayfront. Financing was provided by an eight-bank consortium led by Wells Fargo and Bank of America. Marriott International, owner of the Gaylord brand, manages the property. Finalists in this category also included Appellation Healdsburg – Healdsburg, California, and Nekajui, a Ritz-Carlton Reserve – Peninsula Papagayo, Costa Rica.