Chief Executive Officer
DDRM is headed by Stan Castleton. Prior to his forming DDRM and related companies, Mr. Castleton was with Arthur Andersen & Company. A CPA, he specialized in tax matters with the firm from 1975 to 1979. His clients consisted solely of large real estate development companies and hotels. From 1979 to 1982, Mr. Castleton served as Vice President of Finance and then President of Ideal Homes & Development Co. in Phoenix, Arizona. The troubled company was turned around under his leadership and sold to Continental Homes for a large profit in 1982. During 1982-83, Mr. Castleton was the President of Resort Management Associates, Inc., which owned several small resort hotels. For a short time, he actually functioned as a general manager of a hotel property owned by the company. He founded DDRM's predecessor company in 1983 and has headed the DDRM-related companies since that time. Mr. Castleton orchestrated and managed a $1.1 billion LBO by a DDRM related entity of a portfolio of 22 properties in 1983-1984. As a part of that acquisition, DDRM's first major development project was the Hilton Anaheim, which opened in July of 1984. The DDRM family has developed, redeveloped and owned approximately 5,000 hotel rooms. Since 1994, DDRM has focused solely on high end hospitality based mixed use projects in selected resort locations. Mr. Castleton holds a BA in Economics, a BS in Accounting, and an MS in Agribusiness from Brigham Young University. He is often asked to speak at hotel and resort development conferences, and has been a very active speaker on technology as it relates to the resort hotel guest experience. Mr. Castleton is known for his relentless focus on creative design, effective marketing and cost controls.