Hotel Online
News for the Hospitality Executive


Driftwood Hospitality Management Enters International Joint Venture
with Pacrim Hospitality Services

Initial Expansion Targeting Canadian Market

North Palm Beach, Fla. and Halifax, Nova Scotia – June 3, 2013 – Driftwood Hospitality Management, LLC (Driftwood) and Pacrim Hospitality Services Inc. (Pacrim) today announced the formation of an international joint venture which, within five years, is expected to represent nearly $100M in hotel real estate. The JV will target 100- to 300-room full-service and extended stay properties across Canada, the United States and select foreign markets.
With three properties already in the pipeline, the Driftwood/Pacrim JV will initially target new-build developments in several of Canada’s emerging areas, including:
  • Kingswood, Fredericton, New Brunswick
  • Bedford/Halifax, Nova Scotia
  • Argentia, Newfoundland & Labrador
  • St. John’s, Newfoundland & Labrador
  • Goose Bay, Newfoundland & Labrador
  • Golden, British Columbia
“Canada is experiencing incredible growth at the moment, especially within the lodging sector, and the Pacrim team has a long-standing legacy of excellence there,” said Brian Quinn, Driftwood’s Executive Vice President of Development. “Through this partnership, Driftwood is able to enter the Canadian market at an aggressive pace, further leveraging our flexibility and seizing strategic opportunities in real-time.”
Beyond Canada, Driftwood and Pacrim will target other emerging international markets including South America and the Middle East. Pacrim has recently entered agreements for the development of a 250 room Intercontinental Hotel at Muscat Hill Golf and Country Club and a 110 luxury seaside resort in Muscat, Oman. A broad acquisition strategy will create value for both companies focused on expanding their global footprints.
“We’re thrilled to have found a like-minded operator and partner in Driftwood,” said Glenn Squires, CEO of Pacrim. “Driftwood’s flexible approach allows us the ability to expand our business in the U.S. through a mutually beneficial partnership. We’re looking forward to implementing our strategic plan, with the help of Driftwood’s operations expertise, in Canada and beyond.”
As a leading hospitality industry player, Driftwood’s current portfolio consists of 39 hotels comprising over 8,000 rooms in major resort destinations and top business travel and convention markets in the United States, the Bahamas and Costa Rica. This includes independent boutique and resort locations, as well as award-winning franchises of nationally recognized hospitality brand systems such as Choice Hotels International, Inc., InterContinental Hotels Group, Starwood Hotels & Resorts Worldwide, Inc., Hilton Worldwide, Carlson and Wyndham Worldwide. With an average of 20 years in the hospitality industry, Driftwood’s experienced, diverse and entrepreneurial team delivers real, bottom-line results.
Pacrim is one of Canada’s largest privately owned hotel management and development companies. With a managed portfolio of 46 multi-branded hotels throughout Canada and the United States, totaling some 4,800 hotel rooms and suites, Pacrim has, for more than a decade, expertly managed and developed hotels in partnership with many of the world’s most recognized hotel brands such as InterContinental Hotels Group, Starwood Hotels & Resorts Worldwide Inc., Carlson, Hilton Worldwide and Wyndham Worldwide
For more information about Driftwood Hospitality Management and to stay up-to-date on the latest news, visit or follow Driftwood on Facebook, Twitter and LinkedIn. For more information on Pacrim, visit
About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference – Flexibility, Diversity, Integrity, Accessibility, Originality, the company covers the full spectrum of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood’s portfolio represents virtually every segment of the hospitality industry.  Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years.
About Pacrim Hospitality Services Inc.
Pacrim Hospitality Services Inc. is one of Canada's largest, privately-owned hotel management and development companies with a portfolio of 46 hotels throughout Canada and the United States totaling more than 4,800 hotel rooms and suites. Formed in 1997, Pacrim has a wealth of expertise to offer clients such as acquisition and disposition support, concept design, development, centralized Accounting and Purchasing, e-marketing  as well as property and asset management services. Pacrim’s team has acquired, sold, developed and managed over 100 multi-branded hotels within Canada and the United States. Pacrim is the winner of the 2008 Pinnacle Award as Canada's Hotel Company of the Year and the 2009 TIAC National Award for Tourism Excellence as Business of the Year - Multiple Unit.  Pacrim’s portfolio of hotels have received numerous industry and community awards. Pacrim is headquartered in Bedford, Nova Scotia.


Driftwood Hospitality Management:
M. Silver // A Division of Finn Partners        
Pacrim Hospitality Services Inc:
Glenn Squires, CEO; 902-404-7474

Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here
Also See: MAZEX Holdings Selects Driftwood Hospitality Management to Manage the 148-Room Clarion Hotel and Conference Center in Deland, Florida / May 2013

Owner, Sunflower Hospitality, Selects Driftwood Hospitality to Manage the New-Build 122-suite Cambria Suites Miami in Florida; A Late Summer 2013 Opening is Planned / March 2013

North Carolina’s Mansion on the Hill Joins DoubleTree by Hilton; Driftwood Hospitality Completes Renovation and Conversion Opening the 248-room DoubleTree by Hilton Raleigh-Durham Airport at Research Triangle Park / February 2013

Driftwood Hospitality Management and Apollo Global Real Estate, Through a Joint Venture, Acquire the 194-room DoubleTree Suites by Hilton Hotel Columbus Downtown in Columbus, Ohio / December 2012

Driftwood Hospitality Management Appointed to Manage the 224-room Quality Suites Royale Parc Suites in Orlando - Kissimmee, Florida / November 2012

Driftwood Hospitality Management Acquires the 420-room Sheraton North Houston at George Bush Intercontinental; Expanding Portfolio Now Totals Eight Hotels Averaging 430+ Guestrooms / October 2012

Driftwood Hospitality Management Chosen to Manage the 750-room Tan-Tar-A Resort in Osage Beach, Missouri on the Lake of the Ozarks / September 2012

Driftwood Hospitality Management Selected to Manage the 100-room Holiday Inn Express Wilkesboro in North Carolina / September 2012

Driftwood Hospitality Management Portofolio Grows with the Addition of Three New Management Contracts for a Total of 800 Rooms / June 2012

Driftwood Hospitality Management Embarking on Extensive Renovation of Three Properties Recently Acquired Through Apollo Joint Venture / June 2012

Driftwood Hospitality Management Selected to Manage the 91-room Hampton Inn Naples I-75 in Florida / May 2012

Driftwood Hospitality Management Acquires the 249-room Hilton Raleigh-Durham Airport at Research Triangle Park in North Carolina; Its Third Acquisition Under a Q3 2011 Joint Venture with Apollo Global Management / April 2012

Driftwood Hospitality to Manage the 200-room Holiday Inn San Jose Downtown – Aurola in Costa Rica / March 2012

Driftwood Hospitality Returns to New York Adding the 312-room Holiday Inn Albany Airport - Wolf Road to Portfolio / February 2012

Driftwood Hospitality Signs Two New Management Agreements and Launches Renovation Projects at Five Properties; To Manage the Holiday Inn Express Tampa-Brandon in Florida and the Courtyard by Marriott Dallas NW Hwy. at Stemmons/I-35E in Texas / January 2012

Driftwood Hospitality to Manage the Holiday Inn Express Tampa-Brandon in Florida and the Courtyard by Marriott Dallas NW Hwy at Stemmons/I-35E in Texas / December 2011

Driftwood Hospitality Management to Manage the Clarion Airport near Asheville, North Carolina / October 2011

Driftwood Hospitality Management Acquires 217-room Doubletree by Hilton Downtown Wilmington Legal District in Delaware; Continues Expansion with Fifth Addition to its Portfolio in Last 60 Days / October 2011

Driftwood Hospitality Management Continues Growth with the Addition of Four New Properties / September 2011

Driftwood Hospitality Unfurled Sheraton Flag at Former Hyatt on Capitol Square in Columbus, Ohio; Property to Undergo a $10 million Renovation / September 2011

Driftwood Hospitality Management Forms $400MM Joint Venture with Apollo Global Real Estate; Partnership Focused on Acquiring and Repositioning Hotels Across U.S. / July 2011

Driftwood Hospitality Management Appoints Brian Quinn as Executive Vice President & Principal, Development / June 2011

Driftwood Hospitality Management.Added Fourteen Management Contracts in 2010 / December 2010

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.