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Hotel InteractiveAug 26, 2021

Driftwood Capital Adds Managing Directors To Executive Team

Driftwood Capital has expanded its executive team with the appointment of two new managing directors. Caroline Gould Lewittes as Managing Director, Investor & Public Relations and George Rupp as Managing Director, Business Development & Consultant Relations.

Hotel BusinessAug 26, 2021

People on the move at Driftwood Capital, Flynn Properties and more

Driftwood Capital has expanded its executive team with the appointment of two new managing directors. Caroline Gould Lewittes as managing director, investor & public relations, and George Rupp as managing director, business development & consultant relations.

Orlando Business JournalJul 27, 2021

Here's the latest Driftwood Hospitality's Westin Hotel & Resort Cocoa Beach redevelopment project

It will be the biggest construction project for the seaside community on the Space Coast.

The LeaderJul 21, 2021

Real Estate Roundup: Houston sinks in rankings of 'Best Place to Live'

BizNow reports that Driftwood Capital purchased the Hotel Indigo Houston at the Galleria, a 131-key hotel in Houston’s Uptown submarket.

BizNowJul 20, 2021

Miami Hotel Rebound: 'We're Blowing 2019 Out Of The Water'

The recovery of South Florida's hotel industry is stronger than anyone could have imagined in March 2020 when the coronavirus pandemic was bearing down on the world.

HospitalityNetJul 16, 2021

Carlos J. Rodriguez Sr. named recipient of Hilton’s Lifetime Achievement Award

Driftwood's founder & CEO Carlos J. Rodriguez has received the 2020 Hilton Lifetime Achievement Award, recognizing his contributions and lasting achievements with Hilton and the hospitality industry as a whole.

Hotel BusinessJul 16, 2021

Driftwood Capital CEO receives Hilton Lifetime Achievement Award

Driftwood Capital’s Carlos J. Rodriguez receiving the 2020 Hilton Lifetime Achievement Award, as well as Drury and SureStay Hotel Group earning top honors for their respective chain scales from J.D. Power. Read about all that and more below.

Hotel BusinessJul 9, 2021

Hotel Indigo Houston at The Galleria acquired by Driftwood Capital

Recent hotel transactions include Rockbridge adding a resort in the Florida Panhandle to its portfolio and Driftwood Capital taking ownership of a Hotel Indigo in Houston.

HospitalityNetJul 9, 2021

Driftwood Capital Acquires Hotel Indigo® Houston At The Galleria

Driftwood announces it has acquired the Hotel Indigo® Houston at the Galleria, a 131-key hotel located in Houston’s Uptown submarket.

Connect TexasJul 9, 2021

Driftwood Capital Adds Hotel Indigo at Galleria to Portfolio

Hospitality firm Driftwood Capital recently acquired the Hotel Indigo Houston at the Galleria, a 131-key hotel located in the Uptown submarket. Driftwood acquired the property through its acquisition GP fund, which targets hotel acquisition opportunities in the $30 million to $150 million range.

Houston Business JournalJul 9, 2021

Galleria-area hotel acquired by Florida investment firm

Driftwood Capital paid an undisclosed amount to acquire the 131-key Hotel Indigo Houston at the Galleria, which is located at 5160 Hidalgo Street, near the intersection of Sage Street and Hidalgo Street.

Realty News ReportJul 7, 2021

SOLD: Hotel Indigo Near Galleria

Driftwood Capital, commercial real estate firm specializing in hospitality, has acquired the Hotel Indigo Houston at the Galleria, a 131-room hotel located in the Uptown submarket.

Hotel ManagementJun 11, 2021

Hotel Optimization Day 2 tackles financing, operations

Scott Melby, an associate at Driftwood Capital, estimated the market currently has 125 players looking to invest in hospitality.

Delaware OnlineJun 2, 2021

Another hotel coming to Wilmington. Office building to be converted.

A Florida-based developer has started converting a downtown Wilmington office building into a Staybridge Suites hotel, the developer announced last week.

Delaware Business TimesMay 28, 2021

Wilmington office building to be converted into hotel

WILMINGTON – A Miami-area developer aims to convert an 11-story downtown Wilmington office building into a new Staybridge Suites hotel in a $31 million project.

South Florida Business JournalMay 27, 2021

Experts said Covid would cause a mass sell-off of hotel properties. Here's why it hasn't happened yet

In the early days of the Covid-19 pandemic, experts predicted a tsunami of hotel property sales at steep discounts across the country, South Florida included.

HospitalityNetMay 27, 2021

Staybridge Suites Hotel

The project team includes Whiting-Turner Contractor Co. and Dever Architects. Driftwood Hospitality Management (DHM), a national hotel operator with over 20 years of expertise, will manage the property.

Hotel ManagementMay 26, 2021

Driftwood Capital to convert office building into hotel

Commercial real estate investment, development and lending platform Driftwood Capital has kicked off the $31 million conversion of an 11-story office building into a new Staybridge Suites hotel in downtown Wilmington, Del.

CityBizMay 21, 2021

Driftwood Capital Provides $12.79M Preferred Equity Injection for Hotels in Napa and Sonoma

Driftwood announces that it has provided $12.79 million in preferred equity for a two-hotel portfolio located in the Napa Valley region of Northern California.

CoStarMay 20, 2021

Long Wait, Eligibility Requirements Dampen Appeal of Hotel EB-5 Projects

The EB-5 visa program that has provided billions of dollars of foreign investment to U.S. hotel developers is set to expire June 30.

Hotel BusinessMay 20, 2021

Deals and financing heat up

Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, has acquired the Hyatt Regency Fairfax, a 316-key hotel located in the Washington, DC submarket of Fairfax, VA.

CityBizMay 19, 2021

Driftwood Capital Acquires Washington D.C. Metro Area Hotel

Driftwood Capital has acquired the Hyatt Regency Fairfax, a 316-key hotel located in the Washington D.C. submarket of Fairfax, Virginia. 

Lodging MagazineMay 19, 2021

Hyatt Regency Fairfax Acquired by Driftwood Capital

This is a well-located asset that we were able to acquire at a great basis below its replacement cost, in one of the largest commercial office markets in the country, home to over 26 million square feet of office space dominated by government agencies, defense contractors, and technology companies.

Hotel ManagementMay 17, 2021

Hotels change hands as occupancy improves

As travel resumes and occupancy improves, companies are buying and selling hotels across the country. Here are three recent transactions.