Apollo Rida, Poland
ChampionsGate, Florida
Hilton, Orlando
See Fox Business News video of Ira Mitzner, President of Rida Development Corporation
See Wall Street Journal cover story on David Mitzner, founder of Rida Development
Please click here for contact information for the home office and various regional offices of Rida Development Corporation.
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| David Mitzner |
"To create a first class real estate organization of uncompromising integrity dedicated to the development of, and investment in, economically successful real estate of the highest quality"
By strictly adhering to this philosophy, which guided David Mitzner to establish the company in 1972, Rida Development Corporation has achieved an international reputation for creating innovative, high quality and - above all - economically successful real estate.
Headquartered in Houston Texas, with major operating divisions in Florida, and Europe, Rida's principal officers, David Mitzner, Jacob Mitzner and Ira Mitzner have assembled a dedicated and highly competent team of outstanding professionals to create and maintain a quality - and ever expanding-real estate portfolio.
Rida, the managing partner of Apollo-Rida Poland, (and a strategic partner to AREA Property Partners, formerly known as Apollo Real Estate Advisors) is among Poland's largest and most well known private real estate investment groups. The Polish portfolio alone, owned and managed by Rida includes over eight million square feet and is valued at over $2 billion. In addition, Rida is an experienced owner developer in Germany, Russia and the Ukraine, as the managing partner of over three million square feet in those countries.
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| Jacob, David, Ira Mitzner |
In the United States, Rida has become one of the South's most active development groups, with an additional $2 billion under development or in final planning.
Worldwide, Rida today is the current managing partner of, and is currently developing retail, office, distribution, residential, hotel, and mixed use land developments with a total value in excess of $5 billion.
The pages that follow focus on Rida's expertise in each of its project sectors, highlight specific examples of outstanding and innovative development achievements, and detail the "Rida Philosophy" of real estate.
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HILTON ORLANDO AND RIDA DEVELOPMENT OFFICIALLY CUT THE RIBBON
Doors Open to Orlando's Newest Convention Hotel with Resort Amenities
Business Wire | September 13, 2009
ORLANDO, Fla. -- In a ceremony that took place at the new 1,400-room Hilton Orlando, Hilton Orlando General Manager Doug Gehret, AREA Property Partners Global Chief Executive Officer Lee Neibart and North America Opportunity Funds Business Leader John Jacobsson, Hilton Hotels Corporation Senior Vice President Ted R. Ratcliff, and Rida Development Corporation President Ira Mitzner and Founder David Mitzner officially cut the ribbon, signifying the hotel's opening before the grand opening celebration. The partnership between Hilton Hotels Corporation, AREA Property Partners and Rida Development Corporation brought one of the largest new hotels in the country, and more than 650 jobs, to Central Florida.
The first hotel to provide a covered open-air walkway to the Orange County Convention Center, the Hilton Orlando is a smart choice for today's business and leisure travelers, offering world-class facilities and amenities for both. Today's environment encourages a more serious, business-focused setting, yet the need to have fun and relax remains strong for reasons of health, productivity, and well being. Designed with these important factors in mind, the Hilton Orlando features a discreet separation between 175,000 square feet of meeting facilities and its recreational amenities, allowing each type of guest to experience the stay that meets their unique expectations.
When considering a location for meetings, planners will find the Hilton Orlando an obvious choice. Hilton Orlando offers meeting planners the ability to:
• Make use of 175,000 square feet of meeting space, including the 50,000-square-foot Orlando Ballroom and the 30,000-square-foot Orange Ballroom
• Choose from nine boardrooms and 21 meeting rooms, 13 of which divide into two sections
• Increase work productivity by using the resources available at the UPS store, a complete business and shipping center
• Travel to and from the Orange County Convention Center within seconds via a covered, open-air walkway
• Share meals with clients and colleagues at seven different dining options, including Hilton Orlando's signature restaurant, Spencer's for Steaks and Chops
Guests looking for leisure and relaxation stay can enjoy the Hilton Orlando's many resort amenities, including the two pools, lazy river, nine-hole executive golf course, full-service spa, and basketball, tennis, and bocce courts.
Located on Destination Parkway at the crossroads of I-4, the Beach Line and International Drive, Hilton Orlando is in the heart of Orlando's famous attractions area and just minutes away from Pointe Orlando, Sea World Orlando, Universal Orlando, Walt Disney World and a 15-minute drive to the Orlando International Airport. For more information, visit www.thehiltonorlando.com.
About Hilton Orlando
The Hilton Orlando will feature 1,400 well-appointed guestrooms, including 53 suites. The more than 175,000 square feet of function space will include a 50,000-square-foot Orlando Ballroom, a 30,000-square-foot Orange Ballroom, a 15,000-square-foot Florida Ballroom, 21 meeting rooms and 9 boardrooms. The property will include seven creative dining options including Spencer's for Steaks and Chops, David's Club bar and grill, and a marketplace. Onsite recreational amenities will include a resort pool, quiet pool, whirlpools, cabanas, lazy river, 15,000-square-foot spa and fitness center, jogging track, and basketball/tennis/volleyball/bocce ball courts. The Hilton Orlando is being designed by HKS Architects in Orlando and will be built by Welbro Construction Company.
About AREA Property Partners
AREA Property Partners was founded in 1993 by William Mack and the private equity firm Apollo Global Management, LLC as Apollo Real Estate Advisors. Today, AREA is an independent private partnership of real estate professionals with a rare blend of hands-on real estate experience and sophisticated capital markets expertise. AREA has overseen the investment of multiple real estate funds and joint ventures, through which it has invested over $9 billion in more than 465 transactions with an aggregate value in excess of $40 billion. Headquartered in New York City, and with U.S. offices in Los Angeles and Atlanta, as well as international offices in London, Luxembourg and Mumbai, the AREA funds target a broad range of opportunistic, value-added and debt investments in real estate assets and portfolios throughout North America, Europe, and India.
About Rida Development Corporation
Established in 1972 by David Mitzner, Rida Development Corporation has achieved a national and international reputation for creating innovative, premium quality and economically successful real estate.
Headquartered in Houston, Texas, with major operating divisions in Orlando, Fla. and Central Europe, principal officers, David, Jacob and Ira Mitzner have assembled a dedicated and highly competent team of professionals. Rida has developed and is currently developing retail, office, distribution, residential, hotel and mixed-use land developments with a total value in excess of $5 billion. Rida's projects have earned it a reputation as one of Florida's leading multi-faceted developers, building an outstanding portfolio of well-planned, high-profile and financially sound commercial and residential real estate.
About Hilton Hotels & Resorts
With more than 500 hotels and resorts in 76 countries around the world, Hilton continues to build on its history as a pioneer in the industry, developing products, services and amenities that offer today's travelers more choice and control over their stays. From Hilton Fitness by Precor® to its world-class Hilton Worldwide Resorts portfolio; from the Serenity Collection of in-room amenities to Hilton Meetings, a premier global product for small meetings, Hilton's offerings are designed to enable guests to be at their personal best whether they travel for business or pleasure. Hilton's belief that Travel Should Take You Places® celebrates a commitment to the idea that travel can and should be transformative. Start your journey at www.hilton.com, available in English, Spanish and French.
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