driftwood hospitality management
Driftwood Capital Acquires 248-Key Hilton Dallas Southlake Town Square in Texas
Driftwood Capital | December 22, 2020
DALLAS (Dec. 22, 2020) – Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announced today that it has acquired the Hilton Dallas Southlake Town Square, a 248-key, five-story hotel located in the Dallas suburb of Southlake, approximately 10 minutes from the Dallas-Fort Worth International Airport. Driftwood Capital acquired the asset from Hobbs & Curry family limited partnership for an undisclosed price, and plans to invest $5 million in property renovations over the next 12 months. The property will be managed by Driftwood Capital’s sister comp...
Driftwood Hospitality Management Appoints Executive Team to Launch Canopy West Palm Beach Downtown
Canopy by Hilton | September 24, 2019
WEST PALM BEACH, Fla. (September 24, 2019) – Driftwood Hospitality Management has appointed three industry-leading executives to launch Canopy by Hilton West Palm Beach Downtown, the brands’ first Canopy in Florida. The Canopy will feature a full complement of locally-inspired design features, amenities and menu selections from hyper-local, favorite food and beverage sources when the hotel opens in January 2020. It will offer 150 “Just-Right” rooms including spacious suites with large balconies, a magnificent rooftop bar, lounge and pool with sweeping views of Downtown West Palm Beach; 6,000 sq. feet of indoor/outdoor meeting spaces ...
Driftwood Hospitality Management Shares New Insights Into Industry Trends From Property Manager Poll
Driftwood Hospitality Management | July 29, 2019
North Palm Beach, Fla. – July 29, 2019 – Driftwood Hospitality Management (DHM), a North Palm Beach-based hotel management company that operates 70 hotels throughout the United States and Costa Rica, recently surveyed its general managers, seeking to understand this year’s growing hospitality trends and the evolving needs of travelers. “We are constantly looking for ways to improve the guest experience, which is why we prioritize keeping a pulse on emerging industry trends,” said Michael Diaz, chief operating officer for Driftwood Hospitality Management. “Today, our property teams are noticing more and more conversations and in...
Driftwood Acquisitions & Development Enters California Market With $85.7 Million Acquisition of 353-Key Marriott Mission Valley in San Diego
Driftwood Acquisitions & Development | March 20, 2019
SAN DIEGO (March 20, 2019) – Driftwood Acquisitions and Development (DAD) – a privately held investment firm specializing in the acquisition, development and investment syndication of quality hotel assets – announces its entry into the California market with the $85.7 million acquisition of the 353-key Marriott Mission Valley in San Diego. The firm also intends to develop a second hotel on the southwest corner of the same site. DAD is inviting accredited investors to co-invest in this hotel through its unique syndication platform, which allows clients to invest in institutional-quality, fully-financed, income-producing...
Driftwood Acquisitions & Development Sells SpringHill Suites Altamonte Springs
Driftwood Acquisitions & Development | January 16, 2019
Orlando, Fla. (Jan. 15, 2019) – Driftwood Acquisitions and Development (DAD) – a privately held firm specializing in the acquisition, repositioning and investment syndication of high-quality hotel assets – announced today that it sold the SpringHill Suites Altamonte Springs, a Marriott-branded, 90-key hotel located 10 miles north of Orlando. DAD acquired the asset in 2015 out of receivership, with little renovation needed, as a cash-flowing market play. While maintaining a 10 percent equity stake in the property, the firm syndicated the remaining 90% of its equity position to individual accredited investors after closi...
Driftwood Acquisitions and Development Breaks Ground on New Canopy by Hilton in Tempe, Arizona
Driftwood Acquisitions & Development | September 25, 2018
Coral Gables, Fla. – September 25, 2018 – Driftwood Acquisitions & Development (DAD) celebrated the groundbreaking of the Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, yesterday in Tempe, Arizona. Slated to open as a 198-room hotel by January 2020, Canopy by Hilton Tempe Downtown University Area is located in the heart of Tempe across the street from Arizona State University (ASU), one of the largest public universities by enrollment in the United States. Driftwood Hospitality Management (DHM), DAD's affiliate, will manage the hotel. DAD is an innovative hospitality industry leader with decades of experie...
Driftwood General Managers Offer Tips to Help Hotels Weather Hurricane Season
Driftwood Hospitality Management | July 23, 2018
As 2018 Atlantic Hurricane Forecast; Improves, Driftwood Hospitality Management Urges Hotels to Remain Vigilant and Prepared North Palm Beach, Fla. – July 23, 2018 – Driftwood Hospitality Management (DHM), a North Palm Beach-based hotel management company that operates 51 hotels throughout the United States and Costa Rica, recently surveyed its general managers to gather hurricane preparedness insights in anticipation of the climax of hurricane season. "Unforeseen weather patterns require hotels to remain vigilant when it comes to the safety of guests and associates," said Michael Diaz, chief operating officer for Driftwood...
Driftwood Acquisitions and Development, Merrimac Ventures Break Ground on Dual-Branded Tru by Hilton and Home2 Suites by Hilton Hotel in Fort Lauderda
Driftwood Acquisitions & Development | June 6, 2018
Fort Lauderdale, Fla. – June 6, 2018 – Driftwood Acquisitions & Development (DAD), an innovative hospitality industry leader with decades of experience and a strategic focus on hotel and resort acquisitions, has celebrated the groundbreaking of its $50M+ dual-branded Tru by Hilton and Home2 Suites by Hilton hotel in Fort Lauderdale, Florida. Located at 315 NW 1st Avenue, the property will be managed by DAD's North Palm Beach management arm – Driftwood Hospitality Management (DHM) – and is expected to open in early 2020, merging two of Hilton's popular brands in the vibrant Flagler Village neighborhood in down...
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