Please help us protect Glassdoor by verifying that you're a 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. Rodriguez Sr. said more are in the pipeline. los inconvenientes que esto te pueda causar. ein Mensch und keine Maschine sind. Get in touch with our agents today! We are sorry for the inconvenience. Kreps DeMaria PR 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. 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. Nous sommes dsols pour la gne occasionne. He said Driftwood Capital would consider joint ventures with other experienced investment groups and developers across the country. Its the new home of High Plains Bank in Wiggins. Wir entschuldigen uns fr die Umstnde. The common theme between these properties is they are in Sun Belt, resort-oriented destinations. 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.. 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. scusiamo se questo pu causarti degli inconvenienti. "We are now finally seeing tailwinds in the industry for recovery," in a macro-economic sense, he said. Conservative position in the capital stack. Read employee reviews and ratings on Glassdoor to decide if Driftwood Capital is right for you. 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. Driftwood Capital - YouTube I would like to see crypto as well in future (before was it but now I don't have anymore). Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. There were 493 new billionaires in 2021, compared to 2020. Is Primetexcapital.ltd Legit? : Scam Broker Report Driftwood Capital | LinkedIn She said 73% of the family offices who invest in real estate are doing it for yield, diversification and returns. Avoid Fraud, Get The Facts, And Find The Best. All information provided on this website is provided without warranty and for informational purposes only. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. Our model combines private equity sponsor knowledge and access to unique investments with the potential to generate high returns. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail If you continue to see this 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 Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. He earned a B.A. message, please email AboutPressCopyrightContact. As Founder and President of Driftwood Hospitality Management, David Buddemeyer oversees all operations and management of more than 80 hotels. 09:00 am - 05:00 pm. Born in Kansas, John grew up in Indiana and earned a B.S. Brown Advisory Investment Solutions Group LLC. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Then, we invite accredited investors to join us, coming into the deal at our basis. Finally, our experience in the hospitality sector is paramount to our collective success. Speaking during the vertically integrated commercial real estate investment, development and lending platform's 2021 Investor Conference, Rodriguez Jr. said those goals included protecting the firm's downside, seeking out opportunities for transactions and planning for growth. Since launching in 2015, Driftwood Capital 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. 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. In August of 2018, Fall River Village introduced Skyview Wedding and Event Center, a 10,000-square-foot event venue. He is a native of Costa Rica and holds a B.S. 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. At the time Driftwood Hospitality Management was a national hotel platform founded by Lehman Brothers and David Buddemeyer. an. Please enable Cookies and reload the page. Rockbridge, Driftwood Capital acquire Southern properties Open today. He works with leadership on new strategies, fund structuring and fund operations, and spearheaded the launch of Driftwood Capitals Opportunity Zone program. 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. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. 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. East Coast Office. Driftwood Capital has purchased the Scottsdale (Ariz.) Resort at McCormick Ranch, a 326-room property in the McCormick Ranch neighborhood. 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. 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. Without a public subsidy, the free market will ultimately determine the best use of that property. 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. He also holds a certificate in Commercial Real Estate Analysis & Investment from the Massachusetts Institute of Technology (MIT) School of Architecture & Planning. in Government and English and earned his J.D. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Driftwood Hospitality Management Is this your company? 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. Ci Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. When he gets a free moment, he enjoys tennis, golf, fly fishing, boating and cooking. 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. If you continue to see this 603 MUNGER AVENUE, #100-205, DALLAS, TX . in communication. We are actively engaged in expanding our network of investors. message, contactez-nous l'adresse As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capitals portfolio of hotels. When not attending their various sporting events, he can be found playing tennis and golf. He said the lending platform gives Driftwood Capital the ability to fulfill a growing niche for small-to-midsize loans in the hotel space. Ground-up development, a 130-room suite-style beachfront hotel in Melbourne on Floridas Space Coast. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. The firm's last reported SEC (U.S. Securities and Exchange Commission) status is listed as 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. Additionally, with this being a Marriott product, it fills a void in a Hilton-dominated market, he said. Superior Risk-Adjusted Returns in Hospitality, Directly from one of the countrys leading hospitality sponsors, San Diego Marriott Mission Valley - San Diego, CA. 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. Si continas viendo este mensaje, Prior to joining Driftwood Capital, she worked in the same capacity at Kayne Anderson Real Estate in Boca Raton, FL. Lamentamos pelo inconveniente. Driftwood Capital LLC - DALLAS , TX - Avoid Fraud, Get The Facts, And It will cost $60 million plus interest! in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. in Finance from Vanderbilt University, a hospitality certificate from Cornell University, and an MBA from Duke Universitys Fuqua School of Business. 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. 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 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. Yes, Driftwood has several hotels in the area. 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 believe our proprietary solution helps to reduce risk in the investment process. Wharf Miami Site to Become Two-Tower Dream Hotel Project Driftwood Capital LLC. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. 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. If they decide to continue to operate the International Palms, then so be it. to let us know you're having trouble. David Buddemeyer, Principal and President of Driftwood Hospitality Management, LLC and a senior officer of Driftwood Capital, is a hospitality veteran who has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies.Before launching Driftwood, Mr. Buddemeyer served as Chairman and CEO of Servico Hotels and Resorts, a NYSE hotel company.