Mr. Rodriguezs veiled threat to continue to operate the sub-standard International Palms does not sit well with me. Chief Legal Officer & General Counsel, Partner, Managing Director, Investor & Public Relations. He expects the hotels will be cash-flow positive in 2022. excuses voor het ongemak. 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.. Open today. Fred Smith knows real estate. envie um e-mail para Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. 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. 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. Situated on 68 acres, the property features 14 buildings withfour lodging options comprising 192 guest rooms and 31 condominium units. Prior to joining Driftwood in 2018, Jorge practiced law at Greenberg Traurig, LLP, where he represented clients in private equity fund formations, complex joint ventures, and cross-border mergers and acquisitions. from Boston University. scusiamo se questo pu causarti degli inconvenienti. F: @DriftwoodCapital | IG: @DriftwoodCapital | T: @DriftwoodCPTL | LI: @DriftwoodCptl, Melinda Sherwood, msherwood@krepspr.com per informarci del problema. In December 1998, Servico merged with another hotel company, bringing the organizations portfolio to 180 hotels and more than 30,000 rooms. 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. A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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. We are sorry for the inconvenience. 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. He graduated Georgetown University with a B.A. Glenn has worked in the finance industry for his entire career, most recently as Chief Operating Office at GFI Capital Resources Group, a diversified full service real estate company specializing in development, hospitality, construction, finance, real estate and insurance brokerage. 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. Since then, Driftwood Capital has funded $50 million in loans across five hotels Hyatt Place Noma, two Cambria hotels in California, Home2 Suites Charlotte and Shashi Hotel Mountain View totaling 805 rooms. DealDirect. Finally, our experience in the hospitality sector is paramount to our collective success. I can finally tell you we're there," he said. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Originally build in 1902 and most recently updated in 2018, the Stanley Hotel is located at 333 E. Wonderview Ave. Glenn holds a B.S. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. Driftwood Capital has purchased the Scottsdale (Ariz.) Resort at McCormick Ranch, a 326-room property in the McCormick Ranch neighborhood. scusiamo se questo pu causarti degli inconvenienti. If you continue to see this om ons te informeren over dit probleem. Our dedicated team is here to answer all your questions and make the investing process effortless. Driftwood Hospitality Management Is this your company? Capital is an easy platform to use, amazing customer support, quite ok spreads and overnight fees and the app is quite easy. Driftwood Capital is targeting development and acquisition deals across the country in the $30 million to $150 million range, though as evidenced by the company's planned $250 million, 502-key . With these new funds, we will invest in a broader range of hospitality opportunities with longer time horizons to syndicate LP capital, ensuring greater volume, diversity, and security for our investor network, added President & COO Carlos Rodriguez, Jr. We are actively engaged in expanding our network of investors. 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. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. Ground-up development, a 130-room suite-style beachfront hotel in Melbourne on Floridas Space Coast. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de from Purdue University and an MBA from Dukes Fuqua School of Business. France Publications, dba France Media Inc. Yes, Driftwood has several hotels in the area. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Driftwood Capital is a boutique investment platform for accredited investors to access institutional quality, income producing, hotel assets in the United States. A vertically integrated team oversees all aspects of the investment and ownership process, seeking to provide a total alignment of interests with investors. Direct ownership in assets with value add opportunities. 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. We find it a privilege to live and work in Brevard County, but if we all lined up for $60 million the Countys TDC would quickly run out of money. Driftwood Capital is one of the countrys leading hospitality sponsors. Unique capital formation strategies (EB5, Opportunity Zone). In-house experts in sourcing, underwriting, financing, asset management, operations, development and legal help to ensure the entire deal cycle lives within our purview. Onze We are also expanding our strategic partnerships with others in the market wherever we find synergies.. 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. Individuals are urged to consult with their own professional advisers before making any investment decision. Conservative position in the capital stack. ATLANTA, GA - Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, announces that it has acquired The. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Kreps DeMaria PR Despite challenges from the pandemic, Driftwood Capital continues to add new hotels to its portfolio, such as with the Canopy by Hilton Tempe Downtown, Canopy by Hilton West Palm Beach Downtown and Home2 Suites by Hilton Ft. Lauderdale Downtown. ein Mensch und keine Maschine sind. Se continui a visualizzare Managing the portfolio of Coral Gables, Florida-based Driftwood Capital is no easy task, but founder, President and Chief Operating Officer Carlos Rodriguez Jr. said the company continues to achieve goals for further growth. The principals of Driftwood Capital boast a 30+. Driftwood Capital targets deal level returns in excess of 15% IRR and average dividends over 8% for LP investors. 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. naar InvestingReview.org does not provide investment advice. 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. Lamentamos pelo inconveniente. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. If you continue to see this Miami Worldcenter developer. 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. "They want to use their expertise as asset owners and entrepreneurs to really affect change in the companies that they are investing in," she added. Please help us protect Glassdoor by verifying that you're a 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. As professionals well versed in acquisitions, development and lending, we source, underwrite, structure and close . The county commission seems opposed, but with his dream team of lobbyists, former county commissioner and former county attorney, Mr. Rodriguez must feel he still has a shot. InvestingReview.org is not an investment adviser and is not endorsed by or affiliated with any U.S. or non-U.S. regulatory agency. Jorge serves as Chief Compliance Officer for Driftwood Advisors, LLC, a Registered Investment Adviser with the United States Securities and Exchanges Commission. Superior Risk-Adjusted Returns in Hospitality, Directly from one of the countrys leading hospitality sponsors, San Diego Marriott Mission Valley - San Diego, CA. Brown Advisory Investment Solutions Group LLC. We are guided by principles that inform not just our investment decisions, but all business interactions. Be careful when someone says a $60 million investment wont cost you a penny. The Fall River Village Resort, built-in 2000 and most recently renovated in 2018, is located at200 Filbey Court, five minutes from downtown Estes Park. in Finance from Vanderbilt University, a hospitality certificate from Cornell University, and an MBA from Duke Universitys Fuqua School of Business. "We've seen during the pandemic how global wealth has actually soared. In 2020, Driftwood Capital announced it intended to raise $100 million from investors to source mezzanine loans and preferred equity transactions to help owners and lenders who were struggling through the pandemic. The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. 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.
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