Banks, Funds Increase Both Activity and Competition in Lending Space
Driftwood Capital refinanced the Scottsdale McCormick Ranch, a resort property located in Scottsdale, Arizona
States in the Sun Belt Considered Attractive for Development, But Could That Change?
Driftwood Capital has refinanced the Scottsdale McCormick Ranch, the “first true conference center resort in the country” in Scottsdale, AZ
Workers this week began razing the International Palms hotel in Cocoa Beach to make room a $300 million, four-star-plus Westin-branded oceanfront resort with 502 rooms.
Driftwood Capital nabbed $47 million from Bank of America (BAC) to refinance the Canopy by Hilton in Downtown West Palm Beach.
The 2023 hotel market largely resembles the pre-pandemic travel economy, although domestic travel spending has stepped back somewhat while international travel this summer has boomed.
After several years of challenging business conditions, which caused much of the hospitality industry to scale back on capital expenditures, hotel management companies have started making serious investments in renovations, maintenance and staffing.
Davidson Hospitality Group and Dimension Hospitality Rank Highest in a Tie in Overall Guest Satisfaction
The open-air venue along the Miami River will say goodbye with a two-day farewell party.
Downtown Miami’s The Wharf Miami has announced plans to close to allow for construction of the $185 million Riverside Wharf, according to multiple reports, including Miami New Times.
La construcción valorada en 185 millones de dólares recibió el visto positivo de las autoridades.
Elevated levels of inflation and interest rates, along with what seems like never-ending fears of an impending economic recession, has placed the U.S. commercial real estate industry in choppy waters.
Other Transactions Include Two Hotels in Clearwater Beach, Florida
(2023 projected origination volume and preferences)
Driftwood Capital, a vertically integrated commercial real estate firm providing attractive returns in hospitality, announces the acquisition of the Hilton Dallas/Plano Granite Park.
Hotel Transaction Volume Reached Record High in 2022, Outpacing Growth in Office Deals
Three Development Deals Exceeding $100 Million in the Works
Almost fully syndicated and with 20%-plus targeted IRR, the Miami-based developer explains their processes behind the soon-to-be renamed Hotel Rumbao.
Its real estate syndication model, launched in 2015, was proven a lifesaver during the pandemic.
There’s a lot for hotel lenders to keep their eyes on this year: fluctuating interest rates and growing inflation, market volatility, the war in Ukraine and general economic uncertainty.
Carlos Rodriguez Left Wall Street To Help His Dad Operate Family's Costa Rican Hotel
Latinos Are 19% of U.S. Population, but Only 9% Are Hotel Entrepreneurs
DHM Employees Brian Cooke and Carol Davies are highlighted on "Forty Over 40"