Is Goleta a Hotbed for Hotels?

The has Residence Inn by Marriott Goleta 118 guest rooms.

LOS ANGELES—R.D. Olson Development has partnered with Joseph Martelli Real Estate Investments has broken ground on a Residence Inn by Marriott Goleta. The developers are partnering with R.D. Olson sister company R.D. Olson Construction to build the 118-room hotel. Located near Santa Barbara in Silicon Beach South, Goleta has a robust business sector, driven by engineering, software and aerospace industries, according to the developer, making it a perfect site for a hotel development.

“Goleta is a hot bed for engineering, software and aerospace firms due to its quality of life, strategic central coast location adjacent to Santa Barbara, and close proximity to Vandenberg Air Force Base where we will see more private launches take place in the future,” Bob Olson, CEO and founder of R.D. Olson Development, tells GlobeSt.com. “In addition, the University of California Santa Barbara campus located nearby continues to attract world class students and professors and we feel it will continue to be a major driver for visitation to the area. We look to meet the strongest need in market with our new developments and felt upscale extended stay was the gap here.”