Driftwood Capital also has been active with dispositions. para nos informar sobre o problema. 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. 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. 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The firm's last reported SEC (U.S. Securities and Exchange Commission) status is listed as We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. First, we want to continue to meet the growing demand in the marketplace for alternative investments. Public-private partnership for convention center: Walk away | Opinion 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. DealDirect. So do I and so do several other local hospitality companies. All information provided on this website is provided without warranty and for informational purposes only. If you would like to report abuse by any of these brokers please click on the name of the . in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. "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. It is not found money; it is called the cost of doing business and paying your fair share. Driftwood Capital: Commercial Real Estate Investing Platform 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. Our model combines private equity sponsor knowledge and access to unique investments with the potential to generate high returns. Driftwood Capital is one of the countrys leading hospitality sponsors. Driftwood Capital Targets New Mezz Lending Fund for Hospitality Past performance is not a guarantee of future results. Any business would love to use the sales and property taxes it generates for its own purpose. Driftwood Capital Takes Advantage of the Pandemic As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capitals portfolio of hotels. message, please email in Government and English and earned his J.D. 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. Fixed-income benefits with low correlation to asset performance. Driftwood Capital buys Arizona resort, plans renovation Driftwood does not represent that any opinion or projection will be realized. Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. We are sorry for the inconvenience. The common theme between these properties is they are in Sun Belt, resort-oriented destinations. We are guided by principles that inform not just our investment decisions, but all business interactions. David earned a B.A. Fred Smith knows real estate. "The other big wave that drove real estate investing this past year is opportunity zones," she added. 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. It is a TX Limited Liability Company. Driftwood Capitals affiliate management company (DHM), a long-standing industry leader, is brought in to operate the hotels. "It's been a labor of love getting all the entitlements and getting all the zoning requirements met. 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. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. 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. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Before moving over to private equity, Caroline worked at public relations agencies in her native New York, where she created launch and visibility programs for hotels, restaurants, government agencies, hospitals, colleges, real estate developers and more. A vertically integrated team oversees all aspects of the investment and ownership process, seeking to provide a total alignment of interests with investors. We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. Wenn Is Primetexcapital.ltd Legit? : Scam Broker Report Ci The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. envie um e-mail para Get in touch with our agents today! And this is a Westin franchise hotel. Investment Broker Blacklist - Broker Complaint Registry 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. 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. Driftwood Capital, a real estate firm focused on hospitality investments, raised $250 million in GP capital for development, acquisitions and lending. 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. It is my contention that Driftwood wants the county to pay for the meeting space required by the Westin brand. Our dedicated team is here to answer all your questions and make the investing process effortless. 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. enviando un correo electrnico a Glenn holds a B.S. 603 MUNGER AVENUE, #100-205, DALLAS, TX . 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. 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. 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. scusiamo se questo pu causarti degli inconvenienti. I would like to see crypto as well in future (before was it but now I don't have anymore). Driftwood Capital Acquires Washington D.C. Metro Area Hotel Si continas recibiendo este mensaje, infrmanos del problema 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 common theme across these hotels is that they are in growing markets, with value creation capabilities and barriers to entry. 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. He lives with his wife Johannah and their baby boy, and enjoys travel, design and new technologies. Chief Legal Officer & General Counsel, Partner, Managing Director, Investor & Public Relations. Ci The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Onze scusiamo se questo pu causarti degli inconvenienti. 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. an. 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. 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. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. I have been vocal in raising concerns about the idea and would like to address Mr. Rodriguezs pitch point-by-point. 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. Driftwood Capital LLC is legally known as DRIFTWOOD CAPITAL, LLC. I can finally tell you we're there," he said. 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. 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. excuses voor het ongemak. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Then, we invite accredited investors to join us, coming into the deal at our basis. 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. It is my opinion that the cost is grossly overstated for a 500-room Westin hotel. 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. Additionally, with this being a Marriott product, it fills a void in a Hilton-dominated market, he said. There were 493 new billionaires in 2021, compared to 2020. 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. It should be fully vetted by the Tourist Development Council. Driftwood Capital | Coral Gables FL - Facebook 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. 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. excuses voor het ongemak. Driftwood Capital Reviews | Glassdoor Si continas viendo este mensaje, 120-Day Approval, with a registration date of Nov 7, 2018. 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. 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. Jorge serves as Chief Compliance Officer for Driftwood Advisors, LLC, a Registered Investment Adviser with the United States Securities and Exchanges Commission. 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. We are also expanding our strategic partnerships with others in the market wherever we find synergies. Opinions expressed by Forbes Contributors are their own. 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. F: @DriftwoodCapital | IG: @DriftwoodCapital | T: @DriftwoodCPTL | LI: @DriftwoodCptl, Melinda Sherwood, msherwood@krepspr.com pour nous faire part du problme. T: 305-663-3543. 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. Driftwood Capital is a privately held real estate firm specializing in the acquisition, development, lending and investment syndication of institutional-quality hotels. Read Customer Service Reviews of capital.com - Trustpilot 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. France Publications, dba France Media Inc. 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. Capital is an easy platform to use, amazing customer support, quite ok spreads and overnight fees and the app is quite easy. Born in Kansas, John grew up in Indiana and earned a B.S. As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. 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 Title Driftwood Title Driftwood Title. Driftwood Hospitality Management Reviews - Glassdoor The principals of Driftwood Capital boast a 30+. 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. 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. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. Prior to joining Driftwood, Alejandro worked as a real estate investment advisor to family offices, local banks and high-net-worth individuals. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. Plus I think Driftwood Capital is a legit player in the hospitality space. 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. Ground-up development, a 130-room suite-style beachfront hotel in Melbourne on Floridas Space Coast. 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. 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. He is licensed to practice law in Florida. John Davis Driftwood Capital REGISTRATION STATUS NOTICE FILINGS Driftwood Capital Acquires The Wylie Hotel in Atlanta's Old Fourth Ward 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.