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"
As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital.
If you were one of the many people who tried to get a last-minute hotel booking near the Kennedy Space Center in August for the historic launch of Artemis 1, NASA’s mission to send humans back to the moon, you were probably disappointed—and perhaps even a bit gobsmacked.
The hotel sector underwent a swift recovery in 2022, and although it still has a way to go, there are opportunities for developers and investors to capitalize on certain trends over the next few months.
The DoubleTree by Hilton at 116 San Marco Ave. in St. Augustine’s Historic District sold Dec. 20 for $28.75 million.
At the company's investor conference, Driftwood Capital executives touted two remarkable hotel projects in high-barrier-to-entry locations across Florida as big drivers of growth.
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.
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.
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.
After three years of planning and construction, a new $31 million Staybridge Suites hotel is now open in downtown Wilmington.
Market players struggle to see a positive recovery for the sector, but there is opportunity to be had for the right asset and location.
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.
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.
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.
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.
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.
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.”
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.