*Includes hotels of Driftwood Capital and controlled subsidiaries. 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. message, contactez-nous l'adresse Prior to joining Driftwood, Alejandro worked as a real estate investment advisor to family offices, local banks and high-net-worth individuals. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). And this is a Westin franchise hotel. Si vous continuez voir ce During the conference, Rodriguez Sr. sat down with Jolyne Caruso-Fitzgerald, divisional vice chairman, global wealth management, at investment banking company UBS. 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 common theme across these hotels is that they are in growing markets, with value creation capabilities and barriers to entry. The number of clients served by it is unknown. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Aydanos a proteger Glassdoor verificando que eres una persona real. enviando un correo electrnico a Driftwood does not represent that any opinion or projection will be realized. In August of 2018, Fall River Village introduced Skyview Wedding and Event Center, a 10,000-square-foot event venue. There were 493 new billionaires in 2021, compared to 2020. In-house experts in sourcing, underwriting, financing, asset management, operations, development and legal help to ensure the entire deal cycle lives within our purview. Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. 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 . Please help us protect Glassdoor by verifying that you're a 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. 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. 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 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. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. 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. Any business would love to use the sales and property taxes it generates for its own purpose. Tony Figueroa, afigueroa@krepspr.com We find it a privilege to live and work in Brevard County, but if we all lined up for. We are sorry for the inconvenience. Argentina Australia Belgi (Nederlands) Belgique (Franais) Brasil The principals of Driftwood Capital boast a 30+. 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. 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. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors. Our dedicated team is here to answer all your questions and make the investing process effortless. Real estate is 15% of the average asset allocation of these family offices surveyed. Prior to Servico, David served as Vice President of Operations for Prime Hospitality. Tru by Hilton/Home2 Suites by Hilton under. Get in touch with our agents today! Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. . 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. Kreps DeMaria PR Driftwood Capital LLC. The only downside I saw was 2 new hotels opening in Southlake this year, although their locations aren't that great. 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.. He is a native of Costa Rica and holds a B.S. He was previously head of Asset Management for Stonebridge Companies and Nous sommes dsols pour la gne occasionne. Brown Advisory Investment Solutions Group LLC. 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. David earned a B.A. If the Brevard County Commission wants to give this idea serious consideration, its time for a full public vetting of the project with a clear understanding of the real costs, terms and conditions. This firm has 2 employees, of which 2 are employees in advisory roles. Our model combines private equity sponsor knowledge with access to unique investments with the potential to generate high 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. The borrower 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Driftwood Capital is one of the countrys leading hospitality sponsors. 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. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Wenn 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. para informarnos de que tienes problemas. 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. Be careful when someone says a $60 million investment wont cost you a penny. Individuals are urged to consult with their own professional advisers before making any investment decision. It will cost $60 million plus interest! enviando un correo electrnico a We love our customers, so feel free to visit during normal business hours. 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. With this acquisition, Driftwood Capital's portfolio grows to 23 full-service hotels and seven new ground-up hotel developments. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. "It's about buying right in the right locations and having conviction over the long term that you can manage through [challenges]," he said. Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy. "Believe it or not, that's been the theme of 2021; despite not having cash flow, people are coming around to finding and hunting for yields," he said. January 20, 2022. Click here to read: Hotel Investment Firm Gears up For 'Tsunami of Deals', CA: Ne pas vendre mes renseignements personnels, Prfrences en matire de fichiers tmoins, Gestionnaire des biens immobiliers CoStar. 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. Conservative position in the capital stack. para nos informar sobre o problema. 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. questo messaggio, invia un'email all'indirizzo Some of the company's hotels that have a longer road to recovery include the San Diego Marriott Mission Valley because of a renovation and the Hilton Durham near Duke University due to campuses being slower to ramp up. excuses voor het ongemak. As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capital's portfolio of hotels. Join more than 1,200 accredited investors and start earning returns today. 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. As Chief Commercial Officer, Alejandro Navia is responsible for marketing and sales strategies for the firms investment products, including creating Driftwoods EB-5 Program. The proceeds . 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. More: Brevard commissioners reject funding convention center study, with three of five opposed. In total, there are 2,750 billionaires around the world that in total control $13 trillion, up from $8 trillion in 2020, she said. Built in 2000 and renovated in 2018, Fall River Village Resort is located at 200 Filbey Court. PARTNER & CHIEF COMPLIANCE OFFICER owns 75% or more, PARTNER owns more than 10% but less than 25%. He has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies. Ultimately, how this investment plays out will be dependent on the impact of additional competition, and if and when the business traveler comes back. Caso continue recebendo esta mensagem, Then, we invite accredited investors to join us, coming into the deal at our basis. 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. I can finally tell you we're there," he said. 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 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. 09:00 am - 05:00 pm. 39 were here. an. "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. A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! 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. Fast forward to 2021, and DAD, now called Driftwood Capital, has raised more than $700 million from roughly 800 high-income individuals worldwide - about half from Latin America. Relative to 2019, several hotels in Driftwood's portfolio are exceeding pre-pandemic performance, including the Hampton Daytona Beach/Beachfront, the DoubleTree by Hilton Historic District in St. Augustine, Hilton Dallas/Rockwall Lakefront and Margaritaville Lake Resort Lake of the Ozarks. We are sorry for the inconvenience. Since 2015, the principals of Driftwood Capital have transacted on more than $1.5 billion in hospitality assets backed by capital from an investor network of family offices, high-net-worth individuals and others. 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. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. enva un correo electrnico a He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. At the time Driftwood Hospitality Management was a national hotel platform founded by Lehman Brothers and David Buddemeyer. The resort currently features nine one-bedroom/one-bathroom condos, 64 two-bedroom/two-bathroom condos, 12 three-bedroom townhomes, and four four-bedroom townhomes, all located near the banks of the Fall River, or perched up high with panoramic views of the Continental Divide. The common . 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. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. If you would like to report abuse by any of these brokers please click on the name of the . Se continui a visualizzare 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. 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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Contact: Melinda Sherwood msherwood@krepspr.com / Subscribe to the one-and-only Hotel-Online! When not attending their various sporting events, he can be found playing tennis and golf. So do I and so do several other local hospitality companies. 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. 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. Our relationship orientation is the basis for every counter-party with whom we transact. 972-818-5094. All information provided on this website is provided without warranty and for informational purposes only. Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC. Copyright 2019 by InvestingReview.org / All Rights Reserved. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail It should be a level playing field. at Franklin & Marshall College and enjoys playing golf and soccer as well as running. 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. Other Info. Ground-up development from site identification through to opening. 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.
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