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  • Hotel Management (10)
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HospitalityNetOct 15, 2022

Driftwood Capital Breaks Ground on Oceanfront Element by Westin® Hotel in Melbourne, Fla.

An official groundbreaking ceremony was held on Wednesday at 2 p.m. on the site, with complimentary food and beverage provided by the Crowne Plaza hotel.

ConnectCRESep 12, 2022

Driftwood Capital Originates $44M Mezzanine Loan for Economy Hotel Portfolio

Coral Gables, FL-based Driftwood Capital has provided $44.5-million financing to an institutional owner of hospitality assets for acquisition of 26 economy, extended-stay hotels located predominantly in FL and GA, along with the refinancing of an additional 15 hotels.

Lodging MagazineAug 26, 2022

Driftwood Capital Provides Financing for a 26-Hotel Portfolio Acquisition

Driftwood Capital provided financing to an institutional owner of hospitality assets across the United States for the acquisition of an economy, extended-stay hotel portfolio located predominantly in the Southeast.

Delaware OnlineAug 16, 2022

From office building to hotel, $31 million Staybridge Suites opens in downtown Wilmington

After three years of planning and construction, a new $31 million Staybridge Suites hotel is now open in downtown Wilmington.

Real Estate Capital USAAug 10, 2022

Driftwood sees way into hospitality despite market turmoil

Market players struggle to see a positive recovery for the sector, but there is opportunity to be had for the right asset and location.

HospitalityNetAug 2, 2022

Driftwood Capital Completes Staybridge Suites Hotel in Downtown Wilmington, Delaware

Located at 1220 N. Market Street in Downtown Wilmington, the 11-story property features 134 suite-style accommodations, a lounge, fitness center, sundries shop and a business center with meeting spaces designed for today’s business and leisure travelers.

Delaware Business TimesJul 29, 2022

Wilmington office-to-hotel conversion project completed

A Miami-area developer has completed a $31 million conversion project that turned an 11-story downtown Wilmington office building into a new Staybridge Suites hotel. The hotel, featuring 134 suite-style rooms with a contemporary look and feel, is now open to the public.

Florida TodayJul 19, 2022

Brevard County Commission OKs $30M marketing grant to Cocoa Beach Westin hotel project

Brevard County commissioners on Tuesday approved a controversial proposal to grant up to $30 million to the developer behind the planned Westin Cocoa Beach Resort & Spa.

ForbesMay 11, 2022

Lifestyle Boutiques Driving Leisure Hospitality Market

An increasing number of travelers today are as interested in collecting memorable experiences as they are in collecting travel rewards, and this is driving more consumer demand and investor appetite for boutique-style, soft-brand hotels that offer a unique setting for these experiences to unfold.

Washington Business JournalApr 27, 2022

Hotel investment sales off to a strong start this year, with leisure markets continuing to outperform

Travel is finally seeing the rebound hotel operators have been waiting for since the onset of the Covid-19 pandemic more than two years ago.

Hotels MagazineApr 4, 2022

Driftwood CEO sees the new light

As Carlos Rodriguez, Sr., CEO of Driftwood Capital, puts it, “At the end of the day, it’s all about trust and letting everyone know where you stand and what is happening.”

Hotel ManagementFeb 24, 2022

Driftwood Capital buys Arizona resort, plans renovation

Florida-based Driftwood Capital bought the Scottsdale Resort at McCormick Ranch and is planning a major renovation and conversion of the resort to a Curio by Hilton, the Phoenix Business Journal reported.

LodgingFeb 23, 2022

Driftwood Capital Acquires The Scottsdale Resort at McCormick Ranch

Driftwood Capital has acquired The Scottsdale Resort at McCormick Ranch, a hacienda-style resort with 326 guestrooms located on 16 acres in one of Arizona’s planned communities.

MeetingsNetFeb 17, 2022

Fewer Rooms, More Villas for AZ Meeting Resort

The Scottsdale Resort at McCormick Ranch was renovated in 2015, but the upgrade planned by its new owner, Driftwood Capital, is being called the most extensive in the property’s nearly 50-year history.

ABC 15Feb 15, 2022

Florida firm buys Scottsdale resort, plans major renovations

Driftwood Capital bought the 16-acre resort for $113 million on Feb. 10 from an entity of Hong Kong-based Junson Capital, according to Maricopa County records.

Club + ResortFeb 15, 2022

Scottsdale (Ariz.) Resort at McCormick Ranch Sold for $113M

Florida-based Driftwood Capital bought the Scottsdale Resort at McCormick Ranch and is planning a major renovation and conversion of the resort to a Curio by Hilton, the Phoenix Business Journal reported.

Hotel OnlineFeb 15, 2022

Driftwood Capital Acquires The Scottsdale Resort at McCormick Ranch in Arizona

Driftwood Capital plans to complete a multimillion-dollar renovation that will convert the Hotel to a Curio Collection by Hilton, a global upscale brand of one-of-a-kind hotels and resorts handpicked for their distinct character.

KTAR NewsFeb 14, 2022

Scottsdale Resort at McCormick Ranch sold, to undergo renovations

A hotel property in Scottsdale that has been around for more than four decades was recently sold and will undergo a multimillion-dollar renovation.

Phoenix Business JournalFeb 14, 2022

Florida firm buys Scottsdale resort, plans major renovations

Driftwood Capital bought the 16-acre resort for $113 million on Feb. 10 from an entity of Hong Kong-based Junson Capital, according to Maricopa County records.

AZ Big MediaFeb 11, 2022

Driftwood Capital buys Scottsdale Resort at McCormick Ranch

Driftwood Capital plans to complete a multimillion-dollar renovation that will convert the Hotel to a Curio Collection by Hilton, a global upscale brand of one-of-a-kind hotels and resorts handpicked for their distinct character.

Florida TodayFeb 11, 2022

Public-private partnership for new convention center would be win for Brevard | Opinion

Driftwood — which currently owns three other hotels and employs 300 people in the region — has proposed making a $300 million private investment to build a luxury oceanfront resort.

Guide GlobalFeb 11, 2022

Driftwood Capital Adds The Scottsdale Resort at McCormick Ranch in Arizona to Growing Hospitality Portfolio

Accredited investors will have the opportunity to invest in the hotel through Driftwood Capital’s DealDirect investment platform beginning in the second quarter of 2022.

Florida TodayFeb 9, 2022

Brevard commissioners reject funding convention center study, with three of five opposed

A majority of the Brevard County Commission opposes using tax money to pay for a study on whether the county needs a new convention center, how big it should be and where it should be located.

HospitalityNetFeb 3, 2022

Martin Pinsker has been appointed Vice President – Acquisitions at Driftwood Capital in Coral Gables

Driftwood Capital is pleased to announce the appointment of Martin Pinsker to the role of Vice President In this role, Pinsker will help shape and execute on the firm's long-term investment strategy through the selective acquisition of full-service, cash-flowing hotels in U.S. markets with strong underlying fundamentals.

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