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.
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.
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.
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.
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.
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.
A hotel property in Scottsdale that has been around for more than four decades was recently sold and will undergo a multimillion-dollar renovation.
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.
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.
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.
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.
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 US markets with strong underlying fundamentals.
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.
Once the pandemic hit, many investors waited, patiently, for opportunities to buy assets at a discount. There was a widespread expectation that a wave of distressed assets would come to market, as happened following the Financial Crisis.
Driftwood has closed a $138.7 million financing package for two resort hotels located in Estes Park, Colorado on behalf of the sponsor Grand Heritage Hotel Group.
Driftwood Capital has arranged a $138.7 million financing package for two resort hotels in Estes Park on behalf of Grand Heritage Hotel Group.
Driftwood Capital recently closed a $138.7 million financing package for two resort hotels located in Estes Park, CO on behalf of the sponsor Grand Heritage Hotel Group.
The proceeds cover the refinancing of the historic Stanley Campus, which has four lodging options comprising 192 guestrooms and 31 condo units, along with the acquisition of the nearby Fall River Village Resort (shown above) , an 89-key upscale lodge.
Driftwood Capital has closed a $138.7 million financing package for two resort hotels located in Estes Park, Colo., on behalf of the sponsor Grand Heritage Hotel Group.
Driftwood Capital has closed a US$138.7 million financing package for two resort hotels located in Estes Park, Colorado, on behalf of the sponsor Grand Heritage Hotel Group.
New 165-key Dream Hotel is to be centerpiece to world-class Riverside Wharf hospitality and entertainment development in the heart of Downtown Miami.
“We are finally seeing tailwinds in the hotel industry,” Driftwood Capital’s CEO Carlos Rodriguez Sr. tells GlobeSt.com about the market recovery.
New developments are hitting downtown Miami including the newly announced "Riverside Wharf" project which will also involve a 165-key Dream Miami luxury hotel by Dream Hotel Group.
Developers MV Real Estate Holdings and Driftwood Capital have announced plans for a $185M entertainment district called Riverside Wharf in Downtown Miami.
