Ariel Yari.'. - Chief Commercial Officer (CCO) - LinkedIn Wenn Since its inception, Driftwood Capital has transacted on more than $3 billion in hospitality assets, including new ground-up hotel development projects, cash-flowing hotels and hotel-backed loans, backed by an international network of more than 1,200 investors. All information provided on this website is provided without warranty and for informational purposes only. "We're being very picky as to where we go for new development," he said. Hotels that are under contract to sell include the Holiday Inn Express & Suites Orlando International Drive and the Sheraton Salt Lake City Hotel, which are both more business-oriented hotels. Disculpa envie um e-mail para Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Ground-up development from site identification through to opening. 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 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. When it comes to landscape Did you know Your Butcher, Frank has super tasty delicatessen salads? If you continue to see this verdade. Investment Broker Blacklist - Broker Complaint Registry As Chief Commercial Officer, Alejandro Navia is responsible for marketing and sales strategies for the firms investment products, including creating Driftwoods EB-5 Program. 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. The proceeds will cover the refinancing of the historic Stanley Hotel, along with the acquisition of the nearby Fall River Village Resort, an 89-room lodge. 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'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. 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. More: Brevard commissioners reject funding convention center study, with three of five opposed. overview for dxking2 - Reddit PARTNER & CHIEF COMPLIANCE OFFICER owns 75% or more, PARTNER owns more than 10% but less than 25%. Driftwood Capital buys Arizona resort, plans renovation Investors in the new GP Funds consist of DADs initial investors as well as longstanding LP investors, strategic capital partners, and other JV partners. He earned a B.A. Aydanos a proteger Glassdoor verificando que eres una persona real. The common . The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. 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 In December 1998, Servico merged with another hotel company, bringing the organizations portfolio to 180 hotels and more than 30,000 rooms. Driftwood Capital Begins Work on New Iconic Westin Cocoa Beach Resort Onze Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Driftwood Hospitality Management | Driftwood Hospitality Management Rodriguez Sr. said more are in the pipeline. France Publications, dba France Media Inc. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. The common theme across these hotels is that they are in growing markets, with value creation capabilities and barriers to entry. Nous sommes dsols pour la gne occasionne. Its the new home of High Plains Bank in Wiggins. He expects the hotels will be cash-flow positive in 2022. Driftwood Capital is one of the countrys leading hospitality sponsors. para nos informar sobre o problema. If they decide to continue to operate the International Palms, then so be it. T: 305-663-3543. enva un correo electrnico a Se continui a visualizzare Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. A vertically integrated team oversees all aspects of the investment and ownership process, seeking to provide a total alignment of interests with investors. 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. Our dedicated team is here to answer all your questions and make the investing process effortless. We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. Married to Meredith for 25 years, Glenn is a proud dad to Logan, Cooper and Tanner. message, contactez-nous l'adresse 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. The firm's last reported SEC (U.S. Securities and Exchange Commission) status is listed as Driftwood Bulletin 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. Driftwood Capital Acquires The Scottsdale Resort at - Hotel-Online Driftwood Capital - Products, Competitors, Financials, Employees The Investment Blacklist. excuses voor het ongemak. We are guided by principles that inform not just our investment decisions, but all business interactions. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. 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. John Davis Driftwood Capital Thats why its so important to That great looking new building in Wiggins? I build hotels and the numbers dont add up for me. So do I and so do several other local hospitality companies. We are sorry for the inconvenience. Your ticket to invest in institutional real estate deals. 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. Then, we invite accredited investors to join us, coming into the deal at our basis. Copyright 2019 by InvestingReview.org / All Rights Reserved. He enjoys swimming, waterskiing and hanging out at dog parks with his dog. Mr. Rodriguezs veiled threat to continue to operate the sub-standard International Palms does not sit well with me. 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. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. 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. 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. Si vous continuez voir ce Operational performance distributions & upside participation benefits. los inconvenientes que esto te pueda causar. Caso continue recebendo esta mensagem, A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! Open today. Opinions expressed by Forbes Contributors are their own. 'Tailwinds' Open Opportunities for Driftwood Capital To Buy - CoStar Not to mention the fact that the 25% of TDC funds used for beach re-nourishment has historically been matched 9-1. During this time, he managed more than $300 million in real estate investment transactions. Born in Costa Rica, Carlos came to the United States when he was nine years old. 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. Superior Risk-Adjusted Returns in Hospitality, Directly from one of the countrys leading hospitality sponsors, San Diego Marriott Mission Valley - San Diego, CA. Additionally, 82% of those surveyed indicated that they plan to increase their allocations to real estate this year. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. This firm has 2 employees, of which 2 are employees in advisory roles. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Give me $60 million and I will gladly provide free meeting space and spend less than one percent on marketing my hotel. He lives with his wife Johannah and their baby boy, and enjoys travel, design and new technologies. No one business should be exempt;none treated differently. Driftwood should move forward with a project that justifies its own private investment. 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At the time Driftwood Hospitality Management was a national hotel platform founded by Lehman Brothers and David Buddemeyer. 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, 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Rockbridge acquired the property from the original . In-house experts in sourcing, underwriting, financing, asset management, operations, development and legal help to ensure the entire deal cycle lives within our purview. Glenn holds a B.S. 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've created a hospitality ecosystem to help make smart investments secured by sponsor capital. enva un correo electrnico a 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 principals. Please enable Cookies and reload the page. As Managing Director of Investor & Public Relations, Caroline Lewittes oversees all channels of communications with investors and other key stakeholders. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Driftwoods 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. Si continas recibiendo este mensaje, infrmanos del problema InvestingReview.org is not an investment adviser and is not endorsed by or affiliated with any U.S. or non-U.S. regulatory agency. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors. Si vous continuez voir ce Real estate is 15% of the average asset allocation of these family offices surveyed. 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. 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 . an. Argentina Australia Belgi (Nederlands) Belgique (Franais) Brasil A vertically integrated commercial real estate firm with investment, development, lending and management platforms, Driftwoods unique business model provides accredited investors access to institutional-quality hotel assets or capital solutions on a direct deal basis following deal closing. Driftwood Capital Acquires Washington D.C. Metro Area Hotel Our model combines private equity sponsor knowledge with access to unique investments with the potential to generate high returns. 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. an. Unique capital formation strategies (EB5, Opportunity Zone). He also leads debt sourcing for the firms acquisitions and development businesses. The principals of Driftwood Capital boast a 30+ year . 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. *Includes hotels of Driftwood Capital and controlled subsidiaries. Prior to joining Driftwood Capital, she worked in the same capacity at Kayne Anderson Real Estate in Boca Raton, FL. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. He has lived in the Aurora/Southeast Denver Metro area since 1965 and is an expert Getting ready for a yard project? As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capitals portfolio of hotels. Built in 2000 and renovated in 2018, Fall River Village Resort is located at 200 Filbey Court. 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. We love our customers, so feel free to visit during normal business hours. pour nous faire part du problme. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. 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. scusiamo se questo pu causarti degli inconvenienti. He said Driftwood Capital will also be issuing loans in the $3 million to $50 million range through its mezzanine lending division. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Any business would love to use the sales and property taxes it generates for its own purpose. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. 972-818-5094. East Coast Office. para nos informar sobre o problema. Unfortunately, every day there are Investment brokers looking to scam unsuspecting victims. 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. Driftwood Capital is targeting development and acquisition deals across the country in the $30 million to $150 million range, though as evidenced by the companys planned $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, Fla., they have the capacity to take on larger projects. First, we want to continue to meet the growing demand in the marketplace for alternative investments. As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. Fixed-income benefits with low correlation to asset performance. Driftwood Capital | LinkedIn 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. 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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. ein Mensch und keine Maschine sind. 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. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. Driftwood Capital executes $139M financing package of two Colorado The proceeds . Please note: Search data is accumulated by 3rd party and refreshed once per day. 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. 120-Day Approval, with a registration date of Nov 7, 2018. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors, Rodriguez Sr. said. Driftwood Capital | Coral Gables FL - Facebook Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC. The number of clients served by it is unknown. When not attending their various sporting events, he can be found playing tennis and golf. I can finally tell you we're there," he said. message, please email So we created this website to help you, the potential investor, get the facts, find the best, and avoid fraud and Ponzi schemes. 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. Driftwood provides . 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. 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. to let us know you're having trouble. She said 73% of the family offices who invest in real estate are doing it for yield, diversification and returns. If you would like to report abuse by any of these brokers please click on the name of the . As Chief Legal Officer & General Counsel, Jorge L. Gomez-Moller leads Driftwood Capitals legal team and outside counsel in new acquisitions, developments, lending and dispositions, as well as asset-level legal issues. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. Mr. Rodriguez states his company has significant skin in the game. That skin is really the pound of flesh he is trying to extract from the county. Aydanos a proteger Glassdoor y demustranos que eres una persona real. message, please email 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. 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. 2023 France Publications, dba France Media Inc. Stanley Campus in Estes Park, Colo., features 192 guest rooms and 31 condominium units. 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. 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. Our relationship orientation is the basis for every counter party with whom we transact. Company raises three new GP fund vehicles: Development, Acquisitions & Mezzanine Lending. Driftwood Capital Reviews | Glassdoor 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 . During his eight-year tenure as the companys Executive Vice President, which began in 1990, he was responsible for all facets of Servicos operations. Past performance is not a guarantee of future results. Lamentamos Driftwood Capital: Commercial Real Estate Investing Platform I would like to see crypto as well in future (before was it but now I don't have anymore). 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. The company holds stakes in some 25 hotels, including two that just opened in West Palm Beach and Fort Lauderdale. Who We Are - YouTube 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. It is my opinion that the cost is grossly overstated for a 500-room Westin hotel. This firm has 2 employees, of which 2 are employees in advisory roles. 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. 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. I guess we are to be impressed with a proposed $300 million-plus project. Without a public subsidy, the free market will ultimately determine the best use of that property. Caso continue recebendo esta mensagem, Lamentamos pelo inconveniente. Driftwood Title Driftwood Title Driftwood Title. Carlos is the founder and former Chairman and CEO of Cardel Hotels, which merged with Driftwood Hospitality Management in 2003. We execute the entire transaction upfront using our own capital and then give you access on a deal-by-deal basis. Rockbridge, Driftwood Capital acquire Southern properties The only downside I saw was 2 new hotels opening in Southlake this year, although their locations aren't that great. As Founder and President of Driftwood Hospitality Management, David Buddemeyer oversees all operations and management of more than 80 hotels. Direct ownership in assets with value add opportunities. 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). Wir entschuldigen uns fr die Umstnde. Individuals are urged to consult with their own professional advisers before making any investment decision. Through its mezzanine lending division, the company is issuing loans in the $3 to $50 million range. "It's about buying right in the right locations and having conviction over the long term that you can manage through [challenges]," he said.
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