Driftwood Hospitality Management Assumes Management of Six Marriott Hotels Across Atlanta Metropolitan Area
December 5, 2018 1:20pm
West Palm Beach, Fla. (December 5, 2018) – Driftwood Hospitality Management (DHM), a North Palm Beach-based hotel management company, has assumed operations of a six-property, Marriott-branded select-service portfolio spanning various neighborhoods across the Atlanta metropolitan area. Three of the hotels were acquired by DHM’s sister company, Driftwood Acquisitions and Development (DAD), while the remaining three were acquired via another company partner.
“This has been a banner year for Driftwood across the board and we are pleased to continue growing with DAD, along with other partners,” said David Buddemeyer, president of DHM. “These particular hotels are well-positioned assets in major pockets of Atlanta, which is doing quite well, so they are wonderful additions to our diverse management portfolio.”
Three of the Atlanta hotels now managed by DHM are located in Alpharetta, one of Atlanta’s hottest up-and-coming neighborhoods. Known as the “Technology City of the South,” Alpharetta is the premier destination for corporate headquarters, technology services, and retail trade firms. With more than 640 tech-centric companies in the city, including Infor, Fortna, Phillips, Ryder, UPS and Siemens, Alpharetta continues to lead the Metro Atlanta area as the single leading destination for information technology services. Travelers can also venture into historic downtown Alpharetta and discover art galleries, antique stores and specialty shops in the tiny village of Crabapple or indulge in a shopper’s paradise at the newly opened Avalon district which features over 75 retailers, 15 specialty restaurants and a Regal Cinema.
Driftwood’s Alpharetta properties include the 88-room Fairfield Inn & Suites Atlanta Alpharetta, the 82-room SpringHill Suites Atlanta Alpharetta and the 88-room TownePlace Suites Atlanta Alpharetta. In addition, the company is now managing:
For more information on DHM, or any of the properties within its management portfolio, please visit www.driftwoodhospitality.com.
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Driftwood Hospitality Management is a leader in providing solutions-based services for the domestic and international hotel industry. Driftwood works with award winning franchises, nationally recognized hospitality brands and major resort destinations in top markets around the United States and Costa Rica. Headquartered in North Palm Beach, Florida, Driftwood has additional offices in Miami, Arizona and Costa Rica to serve hotels across the United States and internationally. The Driftwood Hospitality executive team provides more than two decades of combined hotel experience with a focus on hotel operations. Driftwood’s goal is to capitalize upon growth opportunities, form strategic partnerships, and work with under-performing hotels in various markets to ensure long-term growth. With over 15 years of expertise in acquisition, development, repositioning, renovations, and hotel operations, Driftwood brings a tailored approach to each property and market, ensuring that clients receive the highest level of service and are positioned for growth. For more information, please visit www.driftwoodhospitality.com.
Contact: Ali Rehwinkel
Driftwood Acquisitions & Development, LP (DAD) is a Miami, Florida-based company with a first-of-its-kind business model allowing accredited investors to co-invest in fully financed, institutional-quality, cash-flowing hotel assets at low entry points (minimum $100,000 investment). DAD selectively acquires high-quality hotel assets with its own capital, installs new professional management, and then allows clients to participate in the investment.
DAD is also a reputable leader in the EB-5 Investor program, a government initiative to attract foreign investment to create jobs in the U.S. Since its founding in 2015, DAD has helped foreign investors secure U.S. resident status and created hundreds of jobs by developing EB-5 qualified hotels. For more information, please visit www.dadlp.com.
Contact: Melinda Sherwood
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