Driftwood Capital (Driftwood), a vertically integrated commercial real estate firm providing superior risk-adjusted returns in hospitality, has closed a $138.7 million financing package for two resort hotels located in Estes Park, Colorado on behalf of the sponsor Grand Heritage Hotel Group. As Managing Director of Capital Markets, David oversees all mezzanine and preferred equity investments for the Lending strategy. Driftwood Capital is targeting development and acquisition deals across the country in the $30 million to $150 million range, though as evidenced by the companys planned $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, Fla., they have the capacity to take on larger projects. 972-818-5094. As professionals well versed in acquisitions, development and lending, we source, underwrite, structure and close investments across diverse markets and asset types, from name brands to boutique properties. "We are now finally seeing tailwinds in the industry for recovery," in a macro-economic sense, he said. First, we want to continue to meet the growing demand in the marketplace for alternative investments. Originally build in 1902 and most recently updated in 2018, the Stanley Hotel is located at 333 E. Wonderview Ave. Driftwood Capital is one of the countrys leading hospitality sponsors. Built in 2000 and renovated in 2018, Fall River Village Resort is located at 200 Filbey Court. DealDirect. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. But that is simply not how it works. enva un correo electrnico a Our model combines private equity sponsor knowledge with access to unique investments with the potential to generate high returns. He works with leadership on new strategies, fund structuring and fund operations, and spearheaded the launch of Driftwood Capitals Opportunity Zone program. message, please email om ons te informeren over dit probleem. from Purdue University and an MBA from Dukes Fuqua School of Business. Driftwood Capital LLC - DALLAS , TX - Avoid Fraud, Get The Facts, And Brown Advisory Investment Solutions Group LLC. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Carlos Rodriguez Sr., founder chairman and CEO of Driftwood Capital, said his company has four hotel development deals now totaling 916 rooms with $488 million in development cost. . The county commission seems opposed, but with his dream team of lobbyists, former county commissioner and former county attorney, Mr. Rodriguez must feel he still has a shot. Driftwood should move forward with a project that justifies its own private investment. Glenn holds a B.S. All these hotels are managed by Driftwood Capitals affiliate, Driftwood Hospitality Management, based in Palm Beach, FL. envie um e-mail para We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. Since launching in 2015, Driftwood Acquisitions & Development placed more than $400 million in LP capital in both hotel acquisitions and developments across the United States, representing a portfolio of over $1 billion in assets that includes the Marriott Mission Valley San Diego, the Sheraton Park City, and the Margaritaville Lake of the Ozarks, as well as the soon-to-open developments Canopy by Hilton West Palm Beach & Tempe and the dual-branded Tru by Hilton/Home2 Suites by Hilton in Fort Lauderdale. I can finally tell you we're there," he said. Its the new home of High Plains Bank in Wiggins. Hotels that are under contract to sell include the Holiday Inn Express & Suites Orlando International Drive and the Sheraton Salt Lake City Hotel, which are both more business-oriented hotels. Glenn has worked in the finance industry for his entire career, most recently as Chief Operating Office at GFI Capital Resources Group, a diversified full service real estate company specializing in development, hospitality, construction, finance, real estate and insurance brokerage. A handful of these investors will be named to three Advisory Boards and Investment Committees, bringing a vast array of experience and immense strategic value to the company. We then bring our extensive experience in hotel management to each investment, seeking to add value and improve operations to deliver superior risk-adjusted returns in hospitality. Mr. Rodriguezs veiled threat to continue to operate the sub-standard International Palms does not sit well with me. In August of 2018, Fall River Village introduced Skyview Wedding and Event Center, a 10,000-square-foot event venue. scusiamo se questo pu causarti degli inconvenienti. ESTES PARK, COLO. Driftwood Capital has arranged a $138.7 million financing package for two resort hotels in Estes Park on behalf of Grand Heritage Hotel Group. Superior Risk-Adjusted Returns in Hospitality, Directly from one of the countrys leading hospitality sponsors, San Diego Marriott Mission Valley - San Diego, CA. Relative to 2019, several hotels in Driftwood's portfolio are exceeding pre-pandemic performance, including the Hampton Daytona Beach/Beachfront, the DoubleTree by Hilton Historic District in St. Augustine, Hilton Dallas/Rockwall Lakefront and Margaritaville Lake Resort Lake of the Ozarks. As Founder, President and COO, Carlos Rodriguez Jr. is responsible for the day-to-day operations of the company and oversees new product development as well as investment strategy. Give me $60 million and I will gladly provide free meeting space and spend less than one percent on marketing my hotel. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. And this is a Westin franchise hotel. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Aydanos a proteger Glassdoor verificando que eres una persona real. The table below is a blacklist consisting of Investment brokers who have scammed those who made complaints on Broker Complaint Registry. 2023 France Publications, dba France Media Inc. Stanley Campus in Estes Park, Colo., features 192 guest rooms and 31 condominium units. Driftwood Capital also has been active with dispositions. According to the Harvard Business Review, public-private partnership (P3) projects are where businesses supplement public investment in return for reaping rewards such as tolls and fees. And many P3 projects go off the rails. The first p stands for public,"and the county commission should have approved the TDC recommendation for a study to determine if there is truly a need for a public convention center. We find it a privilege to live and work in Brevard County, but if we all lined up for $60 million the Countys TDC would quickly run out of money. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Please enable Cookies and reload the page. No one business should be exempt;none treated differently. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. Si continas viendo este mensaje, T: 305-663-3543. Driftwood provides . Since then, Driftwood Capital has funded $50 million in loans across five hotels Hyatt Place Noma, two Cambria hotels in California, Home2 Suites Charlotte and Shashi Hotel Mountain View totaling 805 rooms.