Driftwood Capital
Driftwood Capital Acquires 299-Key Hilton Dallas/Plano Granite Park Hotel
Driftwood Capital | June 26, 2023
DALLAS (June 26, 2023) – Driftwood Capital, a vertically integrated commercial real estate firm providing attractive returns in hospitality, announces the acquisition of the Hilton Dallas/Plano Granite Park. The 299-key hotel is centrally located within the 90-acre master-planned, mixed-use community of Granite Park in the north Dallas suburb of Plano. This marks the company’s third hotel acquisition in the Dallas-Fort Worth market; it also owns the 231-key Hilton Dallas/Rockwall Lakefront and the 248-key Hilton Dallas Southlake Town Square. Driftwood Capital plans to renovate the hotel’s guestrooms and meeting space, and Driftwood H...
Driftwood Capital Breaks Ground on Oceanfront Element by Westin® Hotel in Melbourne, Florida
Driftwood Capital | October 17, 2022
Melbourne, Fla. (October 17, 2022) – Driftwood Capital (Driftwood), a vertically integrated commercial real estate firm providing superior risk-adjusted returns in hospitality, is pleased to announce it has broken ground on the Element by Westin®, a new 130-key extended-stay hotel located on prime oceanfront property in Melbourne, Fla., one of the beach towns along Florida’s popular “Space Coast.” The property is being built on the 2.56-acre site of a former parking lot located at 2605 N. Highway A1A in Melbourne, Fla., adjacent to The Crowne Plaza Melbourne, another property owned and operated by Driftwood Capital. It is the first...
Driftwood Capital Completes Staybridge Suites Hotel in Downtown Wilmington, Delaware
Driftwood Capital | August 1, 2022
Wilmington, Del. (August 1, 2022) – Driftwood Capital, a vertically integrated commercial real estate firm providing superior risk-adjusted returns in hospitality, is pleased to announce the completion of the new $31 million Staybridge Suites hotel in downtown Wilmington, Delaware. Located at 1220 N. Market Street in Downtown Wilmington, the 11-story property features 134 suite-style accommodations, a lounge, fitness center, sundries shop and a business center with meeting spaces designed for today’s business and leisure travelers. A former office building converted to a hotel, the property is located in a designated Opportunity Zone, an...
Driftwood Hospitality Appoints Senior Leadership Team for The Scottsdale Resort at McCormick Ranch
Driftwood Capital | March 31, 2022
Scottsdale, AZ – March 31, 2022 – The Scottsdale Resort at McCormick Ranch, a 326-room property that will be undergoing a comprehensive multimillion-dollar enhancement later this summer, announced today the resort’s new senior leadership team that will lead the property as it emerges into the Curio Collection by Hilton, a global set of remarkable upscale hotels hand-picked for their unique character and personality. [caption id="attachment_299900" align="alignright" width="268"] Ken Arneson[/caption] Driftwood Hospitality, the resort’s management company, has assembled a team of longtime Valley hospitality professionals that in...
Driftwood Capital Acquires The Scottsdale Resort at McCormick Ranch in Arizona
Driftwood Capital | February 11, 2022
Scottsdale, AZ – February 11, 2022 – Driftwood Capital, a vertically integrated commercial real estate firm providing superior risk-adjusted returns in hospitality, announces that it has acquired The Scottsdale Resort at McCormick Ranch, a sprawling, hacienda-style resort with 326 guestrooms located on 16 lush acres in one of Arizona’s most exclusive planned communities. Built in 1976 as the first true conference center resort in the country, the AAA Four-Diamond resort is located next to two 18-hole championship golf courses and boasts 90,000 square feet of indoor-outdoor meeting and event space, two outdoor swimming pools, a spa an...
Driftwood Capital Appoints Martin Pinsker to Vice President – Acquisitions
Driftwood Capital | January 27, 2022
MIAMI, FL – January 27, 2022 – Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, is pleased to announce the appointment of Martin Pinsker to the role of Vice President – Acquisitions. In this role, Pinsker will help shape and execute on the firm’s long-term investment strategy through the selective acquisition of full-service, cash-flowing hotels in U.S. markets with strong underlying fundamentals. His specific duties will include deal sourcing, underwriting, due diligence, and a variety of investment-related activities. “Martin’s ex...
Dream Hotel Group Unveils Plans for Downtown Miami Flagship in 2025
Dream Hotels | December 20, 2021
NEW YORK, NY – December 20, 2021 – Celebrated hotel brand and management company Dream Hotel Group today announced plans to open a 165-key, 10-story hotel as part of a hospitality-driven entertainment complex situated along the historic Miami River in the heart of Downtown Miami, Florida. Scheduled to open in 2025, Dream Miami will be the hospitality and entertainment centerpiece of Riverside Wharf, a 200,000-square-foot, dual-tower development set to enliven the skyline in Miami’s developing residential, commercial, retail and tourist destination. The project is being led by Miami-based developer MV Real Estate Holdings in conjuncti...
Driftwood Capital Acquires The Wylie Hotel in Atlanta’s Old Fourth Ward
Driftwood Capital | October 6, 2021
ATLANTA, GA – October 6, 2021 – Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, announces that it has acquired The Wylie Hotel, a brand new, 111-key boutique hotel in Atlanta’s historic Old Fourth Ward neighborhood. The property, which opened in May 2021, is the only independent boutique hotel in Midtown’s booming office and lodging market. Driftwood will maintain the current operator following acquisition. “This was an exceptionally rare opportunity to purchase an institutional-quality, unencumbered independent hotel asset, in a...
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