Tishman Realty vendió el icónico hotel Sheraton del Viejo San Juan a Driftwood Capital, una firma de inversión, desarrollo y préstamos de bienes raíces comerciales, que se especializa en el mercado hotelero.
Driftwood acquires the Sheraton Old San Juan, a 240-room hotel and 27,500-square-foot retail complex in the heart of Old San Juan, Puerto Rico and intends to undertake a full-scale renovation of the property and convert it to a Tribute By Marriott – making it the only branded hotel in the historic district.
As part of the renovation, Driftwood will also unveil a new concept for the hotel's second-floor restaurant, which overlooks Old San Juan Harbor, with the goal of creating a vibrant social scene that will draw in both hotel guests and cruise ship visitors.
The COVID-19 pandemic has created an uneven hotel deals market in the U.S., one in which buyers are paying above asking price for certain properties while other hotels go up on the auction block.
Driftwood 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.
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.
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.
It will be the biggest construction project for the seaside community on the Space Coast.
BizNow reports that Driftwood Capital purchased the Hotel Indigo Houston at the Galleria, a 131-key hotel in Houston’s Uptown submarket.
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.
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.
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.
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.
Driftwood announces it has acquired the Hotel Indigo® Houston at the Galleria, a 131-key hotel located in Houston’s Uptown submarket.
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.
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.
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.
Scott Melby, an associate at Driftwood Capital, estimated the market currently has 125 players looking to invest in hospitality.
A Florida-based developer has started converting a downtown Wilmington office building into a Staybridge Suites hotel, the developer announced last week.
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.
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.
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.
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.
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.
