is driftwood capital legit

las molestias. Driftwood Capital, a real estate firm focused on hospitality investments, raised $250 million in GP capital for development, acquisitions and lending. To encompass all new funds, the management team behind Driftwood Acquisitions & Development (DAD) has rebranded as Driftwood Capital. As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capital's portfolio of hotels. She is a graduate of Boston Universitys College of Communications, where she earned a B.S. Driftwood does not represent that any opinion or projection will be realized. 2023 France Publications, dba France Media Inc. Stanley Campus in Estes Park, Colo., features 192 guest rooms and 31 condominium units. Caruso-Fitzgerald oversees a group of advisors who manage clients with $100 million and more to invest. Though Driftwood Capital is always on his mind, Carlos unwinds by riding his bike, playing tennis, playing cards, watching football, reading, going to movies, hiking, traveling, and last but certainly not least - playing with his grandchildren. 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. an. 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. Driftwood Capital Completes 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. Then, we invite accredited investors to join us, coming into the deal at our basis. Se continui a visualizzare message, please email Direct ownership in assets with value add opportunities. 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. All these hotels are managed by Driftwood Capitals affiliate, Driftwood Hospitality Management, based in Palm Beach, FL. Tony Figueroa, [email protected] Contact: Melinda Sherwood [email protected] / Subscribe to the one-and-only Hotel-Online! Rodriguez Sr. said more are in the pipeline. Ultimately, how this investment plays out will be dependent on the impact of additional competition, and if and when the business traveler comes back. InvestingReview.org does not provide investment advice. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. 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. January 20, 2022. questo messaggio, invia un'email all'indirizzo With this acquisition, Driftwood Capital's portfolio grows to 23 full-service hotels and seven new ground-up hotel developments. When it comes to landscape Did you know Your Butcher, Frank has super tasty delicatessen salads? Fixed-income benefits with low correlation to asset performance. The number of clients served by it is unknown. 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. in Business Administration the State University of New York (SUNY) Albany, and an MBA with an emphasis in finance and accounting from New York Universitys Leonard N. Stern School of Business. Our dedicated team is here to answer all your questions and make the investing process effortless. 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. Miami Worldcenter developer. pour nous faire part du problme. Speaking during the vertically integrated commercial real estate investment, development and lending platform's 2021 Investor Conference, Rodriguez Jr. said those goals included protecting the firm's downside, seeking out opportunities for transactions and planning for growth. in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. Driftwood Capital LLC is legally known as DRIFTWOOD CAPITAL, LLC. 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. enviando un correo electrnico a om ons te informeren over dit probleem. Any business would love to use the sales and property taxes it generates for its own purpose. Israel Kreps, [email protected] 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. The selection changes often, but if you love good Buying or selling a home is the largest financial investment most people ever make. He continued, Adding two hotels to DLPs portfolio that were resilient during the pandemic and are poised for future growth was a great way to round out 2021.. Driftwood Capital is one of the countrys leading hospitality sponsors. Si vous continuez voir ce 526 Brevard Avenue, Cocoa, Florida 32922, United States. MintonBlock has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of . Ci The only downside I saw was 2 new hotels opening in Southlake this year, although their locations aren't that great. He works with leadership on new strategies, fund structuring and fund operations, and spearheaded the launch of Driftwood Capitals Opportunity Zone program. Si continas viendo este mensaje, He was previously head of Asset Management for Stonebridge Companies and Woodbine Development, as well as Asset Manager for Maritz Wolff and Director of Finance for Marriott International. excuses voor het ongemak. Past performance is not a guarantee of future results. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Superior Risk-Adjusted Returns in Hospitality, Directly from one of the countrys leading hospitality sponsors, San Diego Marriott Mission Valley - San Diego, CA. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. in Government and English and earned his J.D. 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. Rockbridge acquired the property from the original . The best home improvement jobs deserve the best materials. Prior to joining Driftwood Capital, she worked in the same capacity at Kayne Anderson Real Estate in Boca Raton, FL. Built between 1902 and 2018, and located at 333 E Wonderview Ave, the Stanley Campus is an iconic property situated on 68 acres with 14 buildings, 192 guestrooms, and 31 condo units situated across four distinct lodging options: The Stanley, which is the original historic hotel; The Lodge, updated historic rooms with a boutique feel; Aspire, modern apartment-style rooms featuring kitchenettes; and The Residences, fully equipped one- to three-bedroom residences. para nos informar sobre o problema. per informarci del problema. He has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. 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. los inconvenientes que esto te pueda causar. Get in touch with our agents today! 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. We love our customers, so feel free to visit during normal business hours. *Includes hotels of Driftwood Capital and controlled subsidiaries. It should be fully vetted by the Tourist Development Council. She said 73% of the family offices who invest in real estate are doing it for yield, diversification and returns. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Driftwood Capital is a privately held real estate firm specializing in the acquisition, development, lending and investment syndication of institutional-quality hotels. A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! It is a TX Limited Liability Company. 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. 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. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. More: Brevard commissioners reject funding convention center study, with three of five opposed. As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. 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. First, we want to continue to meet the growing demand in the marketplace for alternative investments. 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. He was previously head of Asset Management for Stonebridge Companies and The common theme between these properties is they are in Sun Belt, resort-oriented destinations. What Mr. Rodriguez is proposing is a private project using public dollars. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. The number of clients served by it is unknown. We are also expanding our strategic partnerships with others in the market wherever we find synergies. Savvy Developers Stay Active Even When the Easy Willy Walker, CEO of Walker & Dunlop, Outlines Capital Flow Issues, Market Pressures with Economist Dr. Peter Linneman, Amid Institutional Inertia, New Opportunities Arise for Smaller SFR Investors If They Can Access Capital, Pavlov Media Ramps Up Multifamily, Student Housing Fiber Expansion with Equity Partner, Baltimores Retail Market Is Showing Resiliency Post-Pandemic, Industrial Market Stays Elevatedin Northern Nevada, Omaha Office Market Is Somewhat Insulated from Broader Economic Conditions, Texas Office Owners Shift Priorities from Maximizing Rent to Showcasing Occupancy, Vibrancy, Slowdown in Leases, Development Help Baltimore Office Market to Rightsize, Local Business is Renos Primary Office Driver, InterFace Healthcare Real Estate Carolinas 2023, InterFace Southern California Desert Commercial Real Estate 2023. "It's during challenging times that you could unlock value, and it's about staying power in this industry.". But that is simply not how it works. Since the Funds launch in late 2020, DLP has closed on more than $420 million of financings for high-quality hotels and sponsors across the country. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Our relationship orientation is the basis for every counter-party with whom we transact. real person. 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. Disculpa 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. verdade. He expects the hotels will be cash-flow positive in 2022. 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 . 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. Lamentamos Other Info. Born in Costa Rica, Carlos came to the United States when he was nine years old. Midwest Multifamily & Affordable Housing Business, Northeast Multifamily & Affordable Housing Business, Southeast Multifamily & Affordable Housing Business, Texas Multifamily & Affordable Housing Business, Western Multifamily & Affordable Housing Business. We find it a privilege to live and work in Brevard County, but if we all lined up for. to let us know you're having trouble. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. We believe our proprietary solution helps to reduce risk in the investment process. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. "That was not an easy task to start ramping [up] during the pandemic," he said. Married to Meredith for 25 years, Glenn is a proud dad to Logan, Cooper and Tanner. message, contactez-nous l'adresse Driftwood Hospitality Management Is this your company? The information contained herein reflects the opinions and projections of Driftwood as of the date hereof, which are subject to change without notice at any time. He said Driftwood Capital would consider joint ventures with other experienced investment groups and developers across the country. 39 were here. 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. message, contactez-nous l'adresse Capital is an easy platform to use, amazing customer support, quite ok spreads and overnight fees and the app is quite easy. Real estate is 15% of the average asset allocation of these family offices surveyed. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. 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. The principals of Driftwood Capital boast a 30+. in communication. Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy. Driftwood Capital also has been active with dispositions. I trade with Capital.com for over 4 years now and overall they are the best in UK for the moment. Please enable Cookies and reload the page. "The other big wave that drove real estate investing this past year is opportunity zones," she added. He was previously a Director in Cantor Fitzgeralds Commercial Real Estate Finance group and has closed more than $5 billion of transactions during his career. AboutPressCopyrightContact. I learned long ago that if a threat is used in negotiations, walk away from the idea. 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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. The table below is a blacklist consisting of Investment brokers who have scammed those who made complaints on Broker Complaint Registry. I build hotels and the numbers dont add up for me. "To achieve that [internal rate of return], even without the cash flow that we had the [past] couple of years, is attractive," he added. Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. Then, we invite accredited investors to join us, coming into the deal at our basis. We are guided by principles that inform not just our investment decisions, but all business interactions. So do I and so do several other local hospitality companies. Tru by Hilton/Home2 Suites by Hilton under. It is a TX Limited Liability Company. 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. excuses voor het ongemak. As Managing Director of Investor & Public Relations, Caroline Lewittes oversees all channels of communications with investors and other key stakeholders. Carlos was a Board Member of the Central American Bank of Economic Integration (CABEI), and he was a Board Member and helped found Bank of Coral Gables which later merged with First American Bank of Chicago Illinois. Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC.

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