. Plus I think Driftwood Capital is a legit player in the hospitality space. Read Customer Service Reviews of capital.com - Trustpilot Driftwood does not represent that any opinion or projection will be realized. los inconvenientes que esto te pueda causar. Rockbridge has acquired the 331-room Island Resort in Fort Walton Beach, FL, located on 11 acres of real estate with 600 ft. of private beach. 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. Kreps DeMaria PR 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). It will cost $60 million plus interest! He graduated Georgetown University with a B.A. message, please email We are sorry for the inconvenience. in Government and English and earned his J.D. Prior to Servico, David served as Vice President of Operations for Prime Hospitality. A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! We believe our proprietary solution helps to reduce risk in the investment process. The buckets in which these individuals are active include investing in private equity, and according to a survey UBS conducts each year, 85% plan to increase their allocations to private equity. Driftwood Capital: Commercial Real Estate Investing Platform "It's been a labor of love getting all the entitlements and getting all the zoning requirements met. No one business should be exempt;none treated differently. Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC. Second, we want to ensure we have a long runway ahead of us for future capital deployments, explained Chairman & CEO Carlos J. Rodriguez, Sr. In addition, with the launch of our lending platform, we now have the ability to fulfill a growing niche for small to midsize loans in the hotel space., Our real estate asset syndication model has proven very successful and popular with investors. Driftwood Capital has purchased the Scottsdale (Ariz.) Resort at McCormick Ranch, a 326-room property in the McCormick Ranch neighborhood. So we created this website to help you, the potential investor, get the facts, find the best, and avoid fraud and Ponzi schemes. Driftwood Capital LLC - DALLAS , TX - Avoid Fraud, Get The Facts, And Alejandro enjoys cycling and hiking, and in a previous life, produced more than 100 music videos for the likes of such international stars as Ricky Martin, Shakira and Daddy Yankee. First, we want to continue to meet the growing demand in the marketplace for alternative investments. MIAMI--(BUSINESS WIRE)--Driftwood Capital (formerly Driftwood Acquisitions & Development), a privately held real estate firm specializing in hospitality investments, is restructuring and scaling up its activity in 2020 via its new Development, Acquisitions and Mezzanine Lending GP Funds. He has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies. Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. He also holds a certificate in Commercial Real Estate Analysis & Investment from the Massachusetts Institute of Technology (MIT) School of Architecture & Planning. Si continas viendo este mensaje, A project of this magnitude requesting $60 million of public funds should have numerous hearings with public input. According to the Phoenix Business Journal, citing Maricopa County records, Driftwood bought the 16-acre resort for $113 million from an entity of Hong Kong-based Junson Capital. Carlos has been in the hospitality business for over 35 years where he has operated, acquired, developed, and made loans to various hotels all over the United States. Please help us protect Glassdoor by verifying that you're a If you continue to see this He earned a B.A. I build hotels and the numbers dont add up for me. Married to Meredith for 25 years, Glenn is a proud dad to Logan, Cooper and Tanner. Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. Lamentamos pelo inconveniente. Bob Baugher is president /owner of the Radisson Resort at the Port; Cocoa Beach Surf Company; Cocoa Beach Suites Hotel and equity partner in the SpringHill Suites Cape Canaveral and TownePlace Suites Cape Canaveral, currently under construction. Some of the companys hotel properties include the dual-branded Tru by Hilton/Home2 Suites by Hilton in Fort Lauderdale, the Marriott Mission Valley San Diego, the Sheraton Park City, and the Margaritaville Lake of the Ozarks. Driftwood Capital is a boutique investment platform for accredited investors to access institutional quality, income producing, hotel assets in the United States. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Be careful when someone says a $60 million investment wont cost you a penny. Opinions expressed by Forbes Contributors are their own. Driftwood Capital Acquires Washington D.C. Metro Area Hotel questo messaggio, invia un'email all'indirizzo Rodriguez Sr. highlighted the $350 million development of the Westin Cocoa Beach Resort & Spa in Cocoa Beach, Florida, which his team has been working on for the past five years. Investors in the new GP Funds consist of DADs 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. Internet Explorer presents a security risk. Si vous continuez voir ce Many people have been burned by frauds and Ponzi schemes. We are guided by principles that inform not just our investment decisions, but all business interactions. Unfortunately, every day there are Investment brokers looking to scam unsuspecting victims. During his eight-year tenure as the companys Executive Vice President, which began in 1990, he was responsible for all facets of Servicos operations. Driftwood Capital executes $139M financing package of two Colorado Second, we want to ensure we have a long runway ahead of us for future capital deployments.. Then, we invite accredited investors to join us, coming into the deal at our basis. Caroline lives in Boca Raton with her husband and children, and enjoys tennis, cooking, travel and reading. He also served as Chief Financial Officer of Denihan Hospitality Group and Executive Vice President, Capital Markets & Strategic Planning at RXR Realty, among other positions. Our relationship orientation is the basis for every counter-party with whom we transact. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. Not to mention the fact that the 25% of TDC funds used for beach re-nourishment has historically been matched 9-1. Nous sommes dsols pour la gne occasionne. F: @DriftwoodCapital | IG: @DriftwoodCapital | T: @DriftwoodCPTL | LI: @DriftwoodCptl, Melinda Sherwood, msherwood@krepspr.com 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. It is not found money; it is called the cost of doing business and paying your fair share. He is a native of Costa Rica and holds a B.S. In December 1998, Servico merged with another hotel company, bringing the organizations portfolio to 180 hotels and more than 30,000 rooms. "We're being very picky as to where we go for new development," he said. 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. ATLANTA, GA - Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, announces that it has acquired The. Driftwood Capital Acquires The Wylie Hotel in Atlanta's Old Fourth Ward Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Carlos Rodriguez Jr., Driftwood Capitals president and chief operating officer, said the companys real estate asset syndication model has proven very successful and popular with investors. Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Driftwood Capital Reviews | Glassdoor envie um e-mail para Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. om ons te informeren over dit probleem. DealDirect. Past performance is not a guarantee of future results. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie The selection changes often, but if you love good Buying or selling a home is the largest financial investment most people ever make. Without a public subsidy, the free market will ultimately determine the best use of that property. Individuals are urged to consult with their own professional advisers before making any investment decision. 39 were here. He said the Daytona hotel was referred to as "the dog" of the portfolio but over time showed its value. 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. InvestingReview.org does not provide investment advice. Driftwood Capital is also building a $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, its largest project to date. Use the CB Insights Platform to explore Driftwood Capital's full profile. Ground-up development, a 130-room suite-style beachfront hotel in Melbourne on Floridas Space Coast. 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. Ci Neither the Website nor any of its content is offered as investment, legal, or tax advice and should not be deemed as investment, legal, or tax advice or a recommendation to purchase or sell any specific security. 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. Neither the Website nor any of its content is offered as investment, legal, or tax advice and should not be deemed as investment, legal, or tax advice or a recommendation to purchase or sell any specific security. Since launching in 2015, Driftwood Acquisitions & Development placed more than $400 million in LP capital in both hotel acquisitions and developments across the United States, representing a portfolio of over $1 billion in assets that includes the Marriott Mission Valley San Diego, the Sheraton Park City, and the Margaritaville Lake of the Ozarks, as well as the soon-to-open developments Canopy by Hilton West Palm Beach & Tempe and the dual-branded Tru by Hilton/Home2 Suites by Hilton in Fort Lauderdale. Driftwood 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. For more information, please visit www.driftwoodcapital.com. Driftwood contributed a $24.3 million mezzanine loan through its lending fund, Driftwood Lending Partners, LP (DLP), behind a $114.4 million senior financing package originated by a major life insurance company. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. Driftwood's in-house team of experts oversee deal sourcing, underwriting, financing, asset management, operations, development and legal issues, ensuring a total alignment of interests with investors. ein Mensch und keine Maschine sind. Company raises three new GP fund vehicles: Development, Acquisitions & Mezzanine Lending. 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. Operational performance distributions & upside participation benefits. Aydanos a proteger Glassdoor verificando que eres una persona real. Read employee reviews and ratings on Glassdoor to decide if Driftwood Capital is right for you. He was previously head of Asset Management for Stonebridge Companies and Investment Adviser Firm Summary DRIFTWOOD CAPITAL, LLC ( CRD # 299088/SEC#:801-114262 ) DRIFTWOOD CAPITAL, LLC View latest Form ADV filed The investment adviser you have selected is NOT currently registered and is NOT filing reports with the SEC or any state. Driftwood Capital Takes Advantage of the Pandemic Open today. Brown Advisory Investment Solutions Group LLC. scusiamo se questo pu causarti degli inconvenienti. Driftwood Rebrands, Restructures, Adds New Execs I can finally tell you we're there," he said. Caruso-Fitzgerald oversees a group of advisors who manage clients with $100 million and more to invest. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. Chief Legal Officer & General Counsel, Partner, Managing Director, Investor & Public Relations. Caso continue recebendo esta mensagem, He lives with his wife Lauren, son Chase and dog Addy. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. The number of clients served by it is unknown. We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. I would like to see crypto as well in future (before was it but now I don't have anymore). The number of clients served by it is unknown. Ground-up development from site identification through to opening. As Managing Director of Investor & Public Relations, Caroline Lewittes oversees all channels of communications with investors and other key stakeholders. Conservative position in the capital stack. Wir entschuldigen uns fr die Umstnde. East Coast Office. Carlos began his career with LNR Property, the largest global CMBS special servicer and B-Piece loan buyer, working in various divisions including Surveillance, Asset Management, REO, and Special Resolutions. scusiamo se questo pu causarti degli inconvenienti. As Managing Director of Capital Markets, David oversees all mezzanine and preferred equity investments for the Lending strategy. Finally, our experience in the hospitality sector is paramount to our collective success. The best home improvement jobs deserve the best materials. Our dedicated team is here to answer all your questions and make the investing process effortless. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality.
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