Driftwood announced today that it has acquired the Hilton Dallas Southlake Town Square, a 248-key, five-story hotel located in the Dallas suburb of Southlake, approximately 10 minutes from the Dallas-Fort Worth International Airport.
Driftwood Capital bought the 248-room Hilton Southlake in the Southlake Town Square development.
Miami hotels broke records for revenue per room and average daily rate during Super Bowl LIV.
Choice Hotels International has seen solid performance across its portfolio throughout the pandemic and plans to drive performance past 2019 levels through its continued focus on its upscale, extended-stay and midscale brands.
Now Is the Time to Build Out a Diverse Portfolio, Say Executives at Hilton, Marriott and Goldman Sachs.
While many of its top hotels and restaurants shuttered earlier this year due to the pandemic, and most new openings were delayed, the famed Florida enclave is beginning to reawaken.
Driftwood Capital has officially submitted its plans to the city planning board for its redevelopment of the International Palms Resort and Conference Center into a new 502-key Westin Cocoa Beach Resort.
Bridge loans and preferred equity are options for hotel owners after loan forbearance runs out.
A South Florida developer plans to redevelop a Brevard County parking.
The Westin Cocoa Beach is expected to create up to 800 temporary construction jobs and 420 full- and part-time jobs.
IHG Hotels & Resorts reported in July that 50% of its hotels achieved revenue per available room above 2019 levels and its Holiday Inn Express brand reached 3,000 open hotels.
Driftwood Capital launches new lending fund as virus disrupts industry.
Driftwood targets US$100M with new lending fund: Miami-based Driftwood Capital, a privately held real estate firm specializing in hospitality investments, has launched fundraising for its new Mezzanine Lending Fund.
Driftwood Capital, a privately held real estate firm specializing in hospitality investments, has launched fundraising for its new Mezzanine Lending Fund.
Hospitality has taken a heavy hit due to pandemic-induced restrictions and is now facing a long road to recovery.
U.S. hotel and retail owners are getting buried in CMBS debt as losses mount and loan servicers loom.
Trust Hospitality CEO Richard Millard said the coronavirus has eliminated his company's revenue. Trust operates 31 boutique hotels, and as an operator, he said 2021 might be the next time his company takes in revenue.
Desde su lanzamiento en 2015, Driftwood Acquisitions & Development ha colocado más de US$400 millones en capital de LP tanto en adquisiciones como en desarrollo de hoteles en los Estados Unidos, representando una cartera de más de US $1.000 millones.
Lawmakers need to amend the CARES Act to cover more costs or risk hotel staff layoffs and closures, according to the American Hotel & Lodging Association.
There’s going to be a pruning of the development pipeline, and a lot of owners either seeking to exit their positions or in need of rescue capital to preserve the positions, Driftwood’s Carlos Rodriquez Sr. says.
CEO of Driftwood Acquisitions and Development, focused on the investment, development and syndication of institutional-quality hotel assets.
Driftwood Capital has rebranded itself to emphasize its expansion beyond the hospitality industry. The former Driftwood Acquisitions & Development is preparing for the future, says its CEO Carlos Rodriguez Sr.