Black Hills hospitality leader Erik Olsby is the general manager of the new Hyatt Place in downtown Rapid City.
Olsby began his role this spring overseeing operations of the 117-room hotel under construction in the Block 5 redevelopment on Saint Joseph Street between Fifth and Sixth streets.
“We’re thrilled to welcome Erik to the Lloyd Hospitality team,” said Jennifer Seifert-Brenna, vice president of Lloyd Hospitality.
“He brings extensive industry experience alongside a deep personal connection to the Black Hills region that we know will make him an outstanding leader for this signature downtown property.”
Olsby, a United State Marine Corps veteran and a graduate of Black Hills State University, has built a management career that spans the hotel and gaming industries in western South Dakota. He most recently served in management at a hotel in downtown Rapid City.
“When the chance to join Lloyd arose, I seized it eagerly,” he said. “The prospect of contributing to innovative projects like the Hyatt Place and the Block 5 development resonated deeply with my vision for professional fulfillment. The integration of diverse businesses within a singular space, poised to redefine the landscape of Rapid City, captivated me. I firmly believe that these endeavors will not only spur the city’s growth but also leave an indelible mark on visitors, enriching their Black Hills experience.”
Olsby and Lloyd Hospitality will begin hiring key leadership roles for the Hyatt Place in the coming months and extend offers to frontline staff closer to the hotel’s opening. Hyatt Place is slated to open in early 2025 and will include 5,000 square feet of meeting space in addition to a comprehensive amenity package for guests.
“The opportunity to lead and serve others within this dynamic environment invigorates me. There’s a profound joy in facilitating meaningful connections and witnessing the gratitude reflected in others’ smiles,” Olsby said. “As I embark on this new chapter with Lloyd, I’m thrilled to play a role, no matter how small, in driving forward their vision and contributing to the collective success of the Rapid City community.”
About Lloyd Companies
Lloyd Companies is a multifaceted real estate company specializing in Development, Real Estate, Construction, Property Management, Hospitality and Apartments. Working together or separately, our specialized business divisions bring valuable expertise and resources to every development project, construction venture or real estate investment. For more than 50 years, we have been providing uncompromising innovation, efficiency and service while working to improve the quality of life in the communities we serve. For more information about Lloyd Companies visit LloydCompanies.com or connect on Facebook, LinkedIn and Instagram @LloydCompanies.
About Block 5
Block 5 is a vibrant and dynamic mixed-use development in Rapid City, South Dakota, at the intersection of Main and 5th Street. Anchored by a 117-room Hyatt Place hotel, the 10-story project seamlessly blends residential, commercial and visitor space. The first floor includes 7,000+ square feet of retail space in addition to the hotel lobby and 5,000 square feet of meeting space. The Hyatt Place will occupy floors two through four with the top five floors being residential offering a mix of 132 studio, one, and two-bedroom apartments. The development is set to open in the winter of 2025. For more information about Block 5 visit Block5rapidcity.com.
