High-end Cocoa Beach resort could be 'game changer' for county, bring big business.
Here's why this developer was drawn to the seaside community in Brevard County.
The Canopy Hotel by Hilton is set to open in January with a rooftop bar called BanterUp. It’s the third new hotel for downtown West Palm Beach that will feature rooftop bars.
Driftwood Hospitality Management has appointed three industry-leading executives to launch Canopy by Hilton West Palm Beach Downtown, the brands’ first Canopy in Florida.
Locally-based Driftwood Acquisitions and Development reports it has launched its initial opportunity zone fund with a target raise of $50 million.
Driftwood has closed two deals in the fund, including a dual-branded Hilton in Fort Lauderdale.
Hotel development is booming across the United States to the tune of 2.1 percent supply growth as of February 2019.
The 353-room San Diego Marriott Mission Valley has been acquired by Miami-based Driftwood Acquisitions and Development for $85.7 million.
Driftwood Acquisitions and Development acquired the Marriott Mission Valley in San Diego and plans to build another hotel on the same site.
The company, Driftwood Acquisitions & Development, will put the proceeds to use in its $85.7 million purchase of the Marriott Mission Valley, a 353-room hotel at 8757 Rio San Diego Drive.
An affiliate of Driftwood Acquisitions & Development, SHS Altamonte Springs Ltd., sold the hotel to 205 West State Road 436 LLC for $11.65 million, according to the Seminole County Property Appraiser’s office.
As baby boomers age and seniors continue to retire to Florida, the state’s strong housing market has led to heightened demand for high-end continuing-care retirement communities.
Miami-based Driftwood Acquisitions and Development sold a 90-key Springhill Suites hotel near Orlando for $11.65 million.
With its latest agreement to buy a portfolio of Atlanta hotels in a joint venture, Driftwood Acquisitions and Development’s M&A strategy and investment structure are continuing to pay dividends.
Of particular interest this year is the burgeoning area of Opportunity Zones, an investment vehicle made possible by the Tax Cuts and Jobs Act of 2017.
More than 8,700 U.S. census tracts have been designated as Qualified Opportunity Zones since the real estate investment program was signed into law as part of the Tax Cuts and Jobs Act.
A new player from Miami has entered Atlanta’s hotel market through a joint venture’s multimillion-dollar acquisition of a six-hotel portfolio in the metro area.
Company acquires 368 hotel rooms in prime locations throughout the coveted Atlanta market.
Driftwood named one of South Florida's 2018 Businesses of the Year.
Jimmy Buffett’s classic hit “Margaritaville” is celebrating its 40th anniversary this year. The song debuted on the 1977 “Changes in Latitudes, Changes in Attitudes” album and quickly took on a life of its own.
