Driftwood Capital is one of the countrys leading hospitality sponsors. He graduated Georgetown University with a B.A. Born in Costa Rica, Carlos came to the United States when he was nine years old. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. Then, we invite accredited investors to join us, coming into the deal at our basis. The proceeds . Prior to joining Driftwood Capital, she worked in the same capacity at Kayne Anderson Real Estate in Boca Raton, FL. Driftwood Capital: Commercial Real Estate Investing Platform Direct ownership in assets with value add opportunities. Si vous continuez voir ce I learned long ago that if a threat is used in negotiations, walk away from the idea. "We are now finally seeing tailwinds in the industry for recovery," in a macro-economic sense, he said. 09:00 am - 05:00 pm. 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. Lamentamos pelo inconveniente. 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. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. message, please email Driftwood Capital Acquires The Wylie Hotel in Atlanta's Old Fourth Ward 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. "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. Onze Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. During his eight-year tenure as the companys Executive Vice President, which began in 1990, he was responsible for all facets of Servicos operations. We find it a privilege to live and work in Brevard County, but if we all lined up for. Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. naar Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie When he gets a free moment, he enjoys tennis, golf, fly fishing, boating and cooking. 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. So do I and so do several other local hospitality companies. Ground-up development from site identification through to opening. Driftwood Bulletin 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. 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. Conservative position in the capital stack. 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. Please help us protect Glassdoor by verifying that you're a 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. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. 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. Driftwood Capital executes $139M financing package of two Colorado Aydanos a proteger Glassdoor verificando que eres una persona real. 2023 France Publications, dba France Media Inc. Stanley Campus in Estes Park, Colo., features 192 guest rooms and 31 condominium units. If they decide to continue to operate the International Palms, then so be it. real person. He also leads debt sourcing for the firms acquisitions and development businesses. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors. Be careful when someone says a $60 million investment wont cost you a penny. 39 were here. 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. It is a TX Limited Liability Company. Get in touch with our agents today! To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Driftwood Capital Acquires Sheraton Old San Juan Hotel in Puerto Rico 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. Investors in the new GP Funds consist of DADs initial investors as well as longstanding LP investors, strategic capital partners, and other JV partners. Si continas recibiendo este mensaje, infrmanos del problema Thats why its so important to That great looking new building in Wiggins? I have been vocal in raising concerns about the idea and would like to address Mr. Rodriguezs pitch point-by-point. The Cocoa Beach Hotel Association voted against this idea; its time for the county commission to do the same. Ci We are sorry for the inconvenience. Ultimately, how this investment plays out will be dependent on the impact of additional competition, and if and when the business traveler comes back. The property has over 25,000 square feet of meeting and event space, multiple food and beverage venues, a spa, and a 550-person concert venue, The Stanley Live. As professionals well versed in acquisitions, development and lending, we source, underwrite, structure and close . ein Mensch und keine Maschine sind. 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 France Publications, dba France Media Inc. He is a native of Costa Rica and holds a B.S. 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. Our dedicated team is here to answer all your questions and make the investing process effortless. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 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. 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, 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 Investment Blacklist. 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. We believe our proprietary solution helps to reduce risk in the investment process. As Chief Commercial Officer, Alejandro Navia is responsible for marketing and sales strategies for the firms investment products, including creating Driftwoods EB-5 Program. Driftwood Capital LLC is legally known as DRIFTWOOD CAPITAL, LLC. We source, underwrite and close deals with our own capital, assuming the upfront work and the risk. Driftwood Rebrands, Restructures, Adds New Execs Glenn holds a B.S. Additionally, 82% of those surveyed indicated that they plan to increase their allocations to real estate this year. We are guided by principles that inform not just our investment decisions, but all business interactions. at Franklin & Marshall College and enjoys playing golf and soccer as well as running. He works with his team to maximize asset value through improved hotel operations, strategic capital investments, debt restructuring, and potential repositioning opportunities. om ons te informeren over dit probleem. As far as shedding light on the project, that is exactly what has not happened in the 10 months since the idea was presented. Driftwood Capital - YouTube 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. "To achieve that [internal rate of return], even without the cash flow that we had the [past] couple of years, is attractive," he added. He said Driftwood Capital will also be issuing loans in the $3 million to $50 million range through its mezzanine lending division. He has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies. Finally, our experience in the hospitality sector is paramount to our collective success. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Yes, Driftwood has several hotels in the area. Rockbridge has acquired the 331-room Island Resort in Fort Walton Beach, FL, located on 11 acres of real estate with 600 ft. of private beach. 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 holds a certificate in Commercial Real Estate Analysis & Investment from the Massachusetts Institute of Technology (MIT) School of Architecture & Planning. It is a TX Limited Liability Company. Disculpa Aydanos a proteger Glassdoor y demustranos que eres una persona real. Combining the two properties under single ownership will provide operational synergies at both hotels and further enhance the credit of Driftwoods position, said David Steiner, Driftwood Capitals Managing Director of Capital Markets. We are also expanding our strategic partnerships with others in the market wherever we find synergies. Other Info. So we created this website to help you, the potential investor, get the facts, find the best, and avoid fraud and Ponzi schemes. Glenn has worked in the finance industry for his entire career, most recently as Chief Operating Office at GFI Capital Resources Group, a diversified full service real estate company specializing in development, hospitality, construction, finance, real estate and insurance brokerage. in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. Our model combines private equity sponsor knowledge and access to unique investments with the potential to generate high returns. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. 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 targets deal level returns in excess of 15% IRR and average dividends over 8% for LP investors. Driftwood Title Driftwood Title Driftwood Title. to let us know you're having trouble. Si vous continuez voir ce As Managing Director of Capital Markets, David oversees all mezzanine and preferred equity investments for the Lending strategy. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. We are also expanding our strategic partnerships with others in the market wherever we find synergies.. Driftwood Capital LLC - DALLAS , TX - Avoid Fraud, Get The Facts, And Contact Us. The common theme between these properties is they are in Sun Belt, resort-oriented destinations. 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. 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. Unfortunately, every day there are Investment brokers looking to scam unsuspecting victims. 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. There were 493 new billionaires in 2021, compared to 2020. Driftwood Capital is a privately held real estate firm specializing in the acquisition, development, lending and investment syndication of institutional-quality hotels. para nos informar sobre o problema. Please note: Search data is accumulated by 3rd party and refreshed once per day. Tru by Hilton/Home2 Suites by Hilton under. 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. excuses voor het ongemak. to let us know you're having trouble. It is my contention that Driftwood wants the county to pay for the meeting space required by the Westin brand. 526 Brevard Avenue, Cocoa, Florida 32922, United States. We execute the entire transaction upfront using our own capital and then give you access on a deal-by-deal basis. Without a public subsidy, the free market will ultimately determine the best use of that property. Ci para informarnos de que tienes problemas. Caso continue recebendo esta mensagem, verdade. 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.