This new hotel was designed to have a strong connection to the community implementing design features that take direct inspiration from local and regional influences.
Driftwood Capital recently bought the Hilton Dallas Southlake Town Square hotel but got a loan from the seller for around 75% of the price.
The Palm Bay-Melbourne-Titusville Metropolitan Statistical Area continues to rocket up the rankings of the Milken Institute’s Best-Performing Cities, rising to second in the prestigious index for 2021.
Driftwood Capital officially submitted its plans, back in late 2020, 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.
The firm purchased two hotels in 2020 through its new $125M hotel acquisition fund.
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.
CEO of Driftwood Capital, focuses on the investment, development and syndication of institutional-quality hotel assets.
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.
