Driftwood Capital - YouTube The sponsor will use a portion of the proceeds, $6.9 million, toward renovations of the Stanley Hotel in early 2022, including conversion of the ballroom to a restaurant, bathroom updates in the hotels main building, improvements to the presidential cottage, and investments in several new food and beverage venues and related amenities. Driftwood contributed a $24.3 million mezzanine loan through its lending fund, Driftwood Lending Partners, behind a $114.4 million senior financing package originated by a major life insurance company. Lamentamos pelo inconveniente. questo messaggio, invia un'email all'indirizzo Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie om ons te informeren over dit probleem. The principals. from Purdue University and an MBA from Dukes Fuqua School of Business. The public loses the multiplied benefits of these tax dollars. Before launching Driftwood, David served as Chairman and CEO of Servico Hotels and Resorts, a NYSE hotel company. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Yes, Driftwood has several hotels in the area. pour nous faire part du problme. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. "We're being very picky as to where we go for new development," he said. He graduated Georgetown University with a B.A. *Includes hotels of Driftwood Capital and controlled subsidiaries. He also leads debt sourcing for the firms acquisitions and development businesses. But that is simply not how it works. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors, Rodriguez Sr. said. Driftwood Capital | Coral Gables FL - Facebook What Mr. Rodriguez is proposing is a private project using public dollars. We are guided by principles that inform not just our investment decisions, but all business interactions. Copyright 2019 by InvestingReview.org / All Rights Reserved. Si vous continuez voir ce All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. This firm has 2 employees, of which 2 are employees in advisory roles. The table below is a blacklist consisting of Investment brokers who have scammed those who made complaints on Broker Complaint Registry. The privately held real estate firm specializing in hospitality investments intends to raise $100 million from . Additionally, Driftwood Capital has strengthened its management team to help position it as a leader in the marketplace, and recently hired David Steiner as Managing Director of Capital Markets, Nelson Parker as Managing Director of Development, and Paul Sacco as Chief Investment Officer. Aydanos a proteger Glassdoor verificando que eres una persona real. Since its inception, Driftwood Capital has transacted on more than $3 billion in hospitality assets, including new ground-up hotel development projects, cash-flowing hotels and hotel-backed loans, backed by an international network of more than 1,200 investors. 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. an. MV Real Estate Holdings brought on its partner, Coral Gables-based Driftwood Capital to develop the 1.5-acre Miami River property at 114 Southwest North River Drive. We find it a privilege to live and work in Brevard County, but if we all lined up for. She said 73% of the family offices who invest in real estate are doing it for yield, diversification and returns. 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. Wharf Miami Site to Become Two-Tower Dream Hotel Project We love our customers, so feel free to visit during normal business hours. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. 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. Si continas viendo este mensaje, Driftwood Capital LLC is legally known as DRIFTWOOD CAPITAL, LLC. An investment in real estate involves a high degree of risk and should be considered only by highly sophisticated persons who can bear the economic risk of loss and illiquidity. The number of clients served by it is unknown. per informarci del problema. om ons te informeren over dit probleem. Caso continue recebendo esta mensagem, It is my opinion that the cost is grossly overstated for a 500-room Westin hotel. Caroline lives in Boca Raton with her husband and children, and enjoys tennis, cooking, travel and reading. Driftwood Capital (formerly known as Driftwood Acquisitions & Development) is a Coral Gables, Florida-based company with a first-of-its-kind business model allowing accredited investors to co-invest in institutional quality hotel assets at an attractive basis (minimum $50,000 investment). Israel Kreps, [email protected] The property has over 25,000 square feet of meeting and event space, multiple food and beverage venues, a spa, and a 550-person concert venue, The Stanley Live. Any business would love to use the sales and property taxes it generates for its own purpose. Driftwood does not represent that any opinion or projection will be realized. Mr. Rodriguezs veiled threat to continue to operate the sub-standard International Palms does not sit well with me. If they decide to continue to operate the International Palms, then so be it. Contact: Melinda Sherwood [email protected] / Subscribe to the one-and-only Hotel-Online! We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. Driftwood Capital - Products, Competitors, Financials, Employees 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. Be careful when someone says a $60 million investment wont cost you a penny. He is the recipient of numerous industry awards such as Entrepreneur of the year for the Doral Chamber of Commerce, the National Excellence in Construction award from the Associated Builders and Contractors Inc., the Lifetime Achievement Award from Hilton, Hotelier of the Year for the Latin Hotel Owners Association, Developer of the Year for various hotel brands, among many other recognitions that he has received throughout his life. Tony Figueroa, [email protected] 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. She is a graduate of Boston Universitys College of Communications, where she earned a B.S. enviando un correo electrnico a Conservative position in the capital stack. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Driftwood Capital, a real estate firm focused on hospitality investments, raised $250 million in GP capital for development, acquisitions and lending. An investment in real estate involves a high degree of risk and should be considered only by highly sophisticated persons who can bear the economic risk of loss and illiquidity. As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Under Davids leadership, the company grew from 28 hotels to 140 hotels and from $42M to $650M in sales, with EBITDA growing at a compound annual rate of 41%, from $16M to $280M. The principals of Driftwood Capital boast a 30+. Our dedicated team is here to answer all your questions and make the investing process effortless. With a 30+ year track record in hospitality, an in-house operating capability, and deep relationships within the industry, we believe we've created one of the best-in-class, vertically integrated commercial real estate private equity firms focused on the hospitality sector. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. The Fund focuses on providing mezzanine loans and preferred equity for existing hospitality assets, as well as ground up hotel development projects in the United States. 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. Investors in the new GP Funds consist of DADs initial investors as well as longstanding LP investors, strategic capital partners, and other JV partners. Public-private partnership for convention center: Walk away | Opinion Rodriguez Sr. said more are in the pipeline. . Our relationship orientation is the basis for every counter-party with whom we transact. Investment Platform Driftwood Capital To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. las molestias. in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. 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. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. He has lived in the Aurora/Southeast Denver Metro area since 1965 and is an expert Getting ready for a yard project? Born in Kansas, John grew up in Indiana and earned a B.S. ein Mensch und keine Maschine sind. "It's about buying right in the right locations and having conviction over the long term that you can manage through [challenges]," he said. The principals of Driftwood Capital boast a 30+ year . There were 493 new billionaires in 2021, compared to 2020. Please help us protect Glassdoor by verifying that you're a Carlos is the founder and former Chairman and CEO of Cardel Hotels, which merged with Driftwood Hospitality Management in 2003. Driftwood does not represent that any opinion or projection will be realized. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Driftwood Capital, formerly Driftwood Acquisitions & Development, is targeting development and acquisition deals across the country in the $30 million to $150 million range, said company chairman and CEO Carlos J. Rodriguez, Sr. Primetexcapital.ltd Scam Reviews and Complaints Primetexcapital.ltd has gotten many negative reviews and traders who traded with this broker have raised many complaints against it. As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capitals portfolio of hotels. Driftwood Capital Takes Advantage of the Pandemic Last weeks guest opinionby Driftwood Capital CEO Carlos Rodriguez Sr. can only mean one thing: Mr. Rodriguez still thinks he can get his hands into the pockets of Brevard County to the tune of $60 million. Fixed-income benefits with low correlation to asset performance. A project of this magnitude requesting $60 million of public funds should have numerous hearings with public input. Driftwood Capital Targets New Mezz Lending Fund for Hospitality MIAMIDriftwood Capital (formerly Driftwood Acquisitions & Development), a privately held real estate firm specializing in hospitality investments, is restructuring and scaling up its. Through its mezzanine lending division, the company is issuing loans in the $3 to $50 million range. All the properties are managed by company affiliate Driftwood Hospitality. Driftwood Capital officially submitted its plans, back in late 2020, to the city planning board for its redevelopment of the International Palms Resort and Conference Center into a new 502-key . The proceeds cover the refinancing of the historic Stanley Campus, which has four lodging options comprising 192 guestrooms and 31 condo units, along with the acquisition of the nearby Fall River Village Resort, an 89-key upscale lodge. To finance its development and lending strategy, Driftwood Capital is setting up new GP funds through the companys initial investors as well as longstanding LP investors, strategic capital partners, and other JV partners. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. The 316-room Hyatt Regency Fairfax will be rebranded as a full-service Hilton hotel Washington, D.C. (May 19, 2021) - Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announced today that it has acquired the Hyatt Regency Fairfax, a 316-key hotel located in the Washington D.C. submarket of Fairfax,
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