Our dedicated team is here to answer all your questions and make the investing process effortless. Wenn Not to mention the fact that the 25% of TDC funds used for beach re-nourishment has historically been matched 9-1. Jorge serves as Chief Compliance Officer for Driftwood Advisors, LLC, a Registered Investment Adviser with the United States Securities and Exchanges Commission. Investors in the new GP Funds consist of DADs initial investors as well as longstanding LP investors, strategic capital partners, and other JV partners. ESTES PARK, COLO. Driftwood Capital has arranged a $138.7 million financing package for two resort hotels in Estes Park on behalf of Grand Heritage Hotel Group. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Se continui a visualizzare Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. He currently serves as a member of the Board of Advisors of First American Bank for Florida, the Baptist Hospital/ Miami Neuroscience Institute Board, the Latin Hotel Owners Association Board, as well as a member of the Board of Advisors of Duke Universitys Fuqua School of Business, the R. Motwani Family Academy of Hospitality & Tourism Management at Broward College, the MRED+U Advisory Board of the University of Miami, and a member of Marriotts Bridging the Gap Steering Committee. I would like to see crypto as well in future (before was it but now I don't have anymore). With this acquisition, Driftwood Capital's portfolio grows to 23 full-service hotels and seven new ground-up hotel developments. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 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. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Fixed-income benefits with low correlation to asset performance. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. However, I dont believe that is a sustainable option as the property ages and degrades. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. Additionally, 82% of those surveyed indicated that they plan to increase their allocations to real estate this year. om ons te informeren over dit probleem. Nous sommes dsols pour la gne occasionne. Ci 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. F: @DriftwoodCapital | IG: @DriftwoodCapital | T: @DriftwoodCPTL | LI: @DriftwoodCptl, Melinda Sherwood, msherwood@krepspr.com Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. . We are guided by principles that inform not just our investment decisions, but all business interactions. We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. DealDirect. East Coast Office. Prior to joining Driftwood, Alejandro worked as a real estate investment advisor to family offices, local banks and high-net-worth individuals. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. pour nous faire part du problme. an. 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. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. para informarnos de que tienes problemas. The company holds stakes in some 25 hotels, including two that just opened in West Palm Beach and Fort Lauderdale. Get in touch with our agents today! He has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies. 972-818-5094. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Please enable Cookies and reload the page. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. Individuals are urged to consult with their own professional advisers before making any investment decision. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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. los inconvenientes que esto te pueda causar. Near that property is the development site for the Element Melbourne Beach, which he said is another deal that has great potential due to the market's diverse demand drivers, as well as a lack of any other new beachfront hotels and extended-stay hotels. enviando un correo electrnico a It is a TX Limited Liability Company. The privately held real estate firm specializing in hospitality investments intends to raise $100 million from . Our relationship orientation is the basis for every counter-party with whom we transact. The common . 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. 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. excuses voor het ongemak. 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. "We are now finally seeing tailwinds in the industry for recovery," in a macro-economic sense, he said. I can finally tell you we're there," he said. questo messaggio, invia un'email all'indirizzo REGISTRATION STATUS NOTICE FILINGS envie um e-mail para Mr. Rodriguezs veiled threat to continue to operate the sub-standard International Palms does not sit well with me. 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. 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. He also leads debt sourcing for the firms acquisitions and development businesses. Glenn holds a B.S. And this is a Westin franchise hotel. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de real person. Caruso-Fitzgerald oversees a group of advisors who manage clients with $100 million and more to invest. Ultimately, how this investment plays out will be dependent on the impact of additional competition, and if and when the business traveler comes back. Wir entschuldigen uns fr die Umstnde. Lamentamos pelo inconveniente. In August of 2018, Fall River Village introduced Skyview Wedding and Event Center, a 10,000-square-foot event venue. So we created this website to help you, the potential investor, get the facts, find the best, and avoid fraud and Ponzi schemes. 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. Kreps DeMaria PR So do I and so do several other local hospitality companies. 120-Day Approval, with a registration date of Nov 7, 2018. Second, we want to ensure we have a long runway ahead of us for future capital deployments.. The firm's last reported SEC (U.S. Securities and Exchange Commission) status is listed as Born in Costa Rica, Carlos came to the United States when he was nine years old. Plus I think Driftwood Capital is a legit player in the hospitality space. 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 . The Cocoa Beach Hotel Association voted against this idea; its time for the county commission to do the same. Please enable Cookies and reload the page. "We've seen during the pandemic how global wealth has actually soared. Then, we invite accredited investors to join us, coming into the deal at our basis. 2023 France Publications, dba France Media Inc. Stanley Campus in Estes Park, Colo., features 192 guest rooms and 31 condominium units. Fred Smith knows real estate. para nos informar sobre o problema. 526 Brevard Avenue, Cocoa, Florida 32922, United States. Capital is an easy platform to use, amazing customer support, quite ok spreads and overnight fees and the app is quite easy. in communication. *Includes hotels of Driftwood Capital and controlled subsidiaries. Tony Figueroa, afigueroa@krepspr.com verdade. 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. ein Mensch und keine Maschine sind. pour nous faire part du problme. 39 were here. Disculpa verdade. As a recent TDC member, it was difficult to get straight answers on what was being proposed and a specific breakdown of the $320 million supposedly being invested in the project. los inconvenientes que esto te pueda causar. Born in Kansas, John grew up in Indiana and earned a B.S. She is a graduate of Boston Universitys College of Communications, where she earned a B.S. "That was not an easy task to start ramping [up] during the pandemic," he said. 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. We are also expanding our strategic partnerships with others in the market wherever we find synergies.. 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. "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. Carlos was also Vice Chairman of The Caja Costarricense de Seguro Social which operates the hospital system and the largest pension fund of Costa Rica. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. 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. When not attending their various sporting events, he can be found playing tennis and golf. Yes, Driftwood has several hotels in the area. Driftwood Capitals affiliate management company (DHM), a long-standing industry leader, is brought in to operate the hotels. Carlos Rodriguez Sr., founder chairman and CEO of Driftwood Capital, said his company has four hotel development deals now totaling 916 rooms with $488 million in development cost. Internet Explorer presents a security risk. It is my opinion that the cost is grossly overstated for a 500-room Westin hotel. Driftwood Capital is also building a $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, its largest project to date. We are sorry for the inconvenience. The principals. 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, Amenities include a heated, outdoor pool and year-round, outdoor hot tubs; a community room; fire pit and grill areas; as well as an outdoor recreation area. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. "It's during challenging times that you could unlock value, and it's about staying power in this industry.". 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 . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. As Founder and President of Driftwood Hospitality Management, David Buddemeyer oversees all operations and management of more than 80 hotels. naar Then, we invite accredited investors to join us, coming into the deal at our basis. enviando un correo electrnico a Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. I build hotels and the numbers dont add up for me. 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. Si vous continuez voir ce David earned a B.A. Tru by Hilton/Home2 Suites by Hilton under. Ground-up development, a 130-room suite-style beachfront hotel in Melbourne on Floridas Space Coast. 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. Caroline lives in Boca Raton with her husband and children, and enjoys tennis, cooking, travel and reading. 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. 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. 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. What Mr. Rodriguez is proposing is a private project using public dollars. 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. He said Driftwood Capital would consider joint ventures with other experienced investment groups and developers across the country. Caso continue recebendo esta mensagem, 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. He said the lending platform gives Driftwood Capital the ability to fulfill a growing niche for small-to-midsize loans in the hotel space. Situated on 68 acres, the property features 14 buildings withfour lodging options comprising 192 guest rooms and 31 condominium units. The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. Nous sommes dsols pour la gne occasionne. Rockbridge acquired the property from the original . 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. 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. He previously served as Vice President of Development for Driftwood Hospitality Management, where he oversaw ground-up construction for the company, while implementing a successful EB-5 financing program. ein Mensch und keine Maschine sind. He lives with his wife Johannah and their baby boy, and enjoys travel, design and new technologies. Overview 63 Reviews 14 Jobs 71 Salaries 9 Interviews 15 Benefits -- Photos 22 Diversity + Add a Review Driftwood Hospitality Management Reviews Updated Mar 5, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 63 of over 63 reviews Sort Popular Popular COVID-19 Related I learned long ago that if a threat is used in negotiations, walk away from the idea. We are guided by principles that inform not just our investment decisions, but all business interactions. Ci 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. 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.