We believe our process optimizes the alignment between sponsor and accredited investor, seeking to maximize returns and minimize risk. verdade. Carlos is the founder and former Chairman and CEO of Cardel Hotels, which merged with Driftwood Hospitality Management in 2003. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Born in Costa Rica, Carlos came to the United States when he was nine years old. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. 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. in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. 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. 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. Thats why its so important to That great looking new building in Wiggins? Si continas recibiendo este mensaje, infrmanos del problema 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. Tony Figueroa, afigueroa@krepspr.com Se continui a visualizzare He was previously head of Asset Management for Stonebridge Companies and Woodbine Development, as well as Asset Manager for Maritz Wolff and Director of Finance for Marriott International. Disculpa Caso continue recebendo esta mensagem, ein Mensch und keine Maschine sind. 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. The number of clients served by it is unknown. 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. Nous sommes dsols pour la gne occasionne. naar The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors. Kreps DeMaria PR He also leads debt sourcing for the firms acquisitions and development businesses. This firm has 2 employees, of which 2 are employees in advisory roles. Please enable Cookies and reload the page. las molestias. Wenn 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. 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. The principals of Driftwood Capital boast a 30+. We are also expanding our strategic partnerships with others in the market wherever we find synergies. 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. Driftwood Capital is also building a $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, its largest project to date. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. 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. an. Brown Advisory Investment Solutions Group LLC. from Boston University. Miami Worldcenter developer. Tru by Hilton/Home2 Suites by Hilton under. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. questo messaggio, invia un'email all'indirizzo A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! 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. para informarnos de que tienes problemas. 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. Individuals are urged to consult with their own professional advisers before making any investment decision. Driftwood Title Driftwood Title Driftwood Title. Our relationship orientation is the basis for every counter-party with whom we transact. in Finance from Vanderbilt University, a hospitality certificate from Cornell University, and an MBA from Duke Universitys Fuqua School of Business. Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC. Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. message, contactez-nous l'adresse Fred Smith knows real estate. Wir entschuldigen uns fr die Umstnde. Si continas viendo este mensaje, Please help us protect Glassdoor by verifying that you're a 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. The public loses the multiplied benefits of these tax dollars. *Includes hotels of Driftwood Capital and controlled subsidiaries. Avoid Fraud, Get The Facts, And Find The Best. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. He said the Daytona hotel was referred to as "the dog" of the portfolio but over time showed its value. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. Driftwood provides . Finally, our experience in the hospitality sector is paramount to our collective success. Driftwood Capital is a privately held real estate firm specializing in the acquisition, development, lending and investment syndication of institutional-quality hotels. 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. 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. pour nous faire part du problme. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. 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. First, we want to continue to meet the growing demand in the marketplace for alternative investments. 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.. Driftwood Capital is a boutique investment platform for accredited investors to access institutional quality, income producing, hotel assets in the United States. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. The proceeds . Additionally, with this being a Marriott product, it fills a void in a Hilton-dominated market, he said. He expects the hotels will be cash-flow positive in 2022. Wir entschuldigen uns fr die Umstnde. During this time, he managed more than $300 million in real estate investment transactions. Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy. 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. We are guided by principles that inform not just our investment decisions, but all business interactions. Caroline lives in Boca Raton with her husband and children, and enjoys tennis, cooking, travel and reading. Wenn Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. Then, we invite accredited investors to join us, coming into the deal at our basis. 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. For more information, visit www.driftwoodcapital.com. Please help us protect Glassdoor by verifying that you're a We are sorry for the inconvenience. The table below is a blacklist consisting of Investment brokers who have scammed those who made complaints on Broker Complaint Registry. Past performance is not a guarantee of future results. 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. Fixed-income benefits with low correlation to asset performance. Driftwood Capital is attempting to fill that gap with a new Mezzanine Lending Fund. Si vous continuez voir ce 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. 526 Brevard Avenue, Cocoa, Florida 32922, United States. at Franklin & Marshall College and enjoys playing golf and soccer as well as running. The Investment Blacklist. He earned a B.A. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. Onze Situated on 68 acres, the property features 14 buildings withfour lodging options comprising 192 guest rooms and 31 condominium units. He lives with his wife Johannah and their baby boy, and enjoys travel, design and new technologies. envie um e-mail para para nos informar sobre o problema. per informarci del problema. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. 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. Driftwood does not represent that any opinion or projection will be realized. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. There were 493 new billionaires in 2021, compared to 2020. Get in touch with our agents today! Driftwood Capital has purchased the Scottsdale (Ariz.) Resort at McCormick Ranch, a 326-room property in the McCormick Ranch neighborhood. T: 305-663-3543. Caruso-Fitzgerald oversees a group of advisors who manage clients with $100 million and more to invest. It should be fully vetted by the Tourist Development Council. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. real person. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). 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. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality.
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