Prior to joining Driftwood, Alejandro worked as a real estate investment advisor to family offices, local banks and high-net-worth individuals. Driftwood Capital Is Ramping Up Acquisitions And Lending In 2020 - Forbes Driftwood Secures New GP Capital Allowing $3 Billion in Deployments per informarci del problema. message, contactez-nous l'adresse 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. Driftwood Capital is a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality. naar message, contactez-nous l'adresse Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. las molestias. Si continas recibiendo este mensaje, infrmanos del problema 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. Driftwood Hospitality Management | Driftwood Hospitality Management Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 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. It will cost $60 million plus interest! The common theme between these properties is they are in Sun Belt, resort-oriented destinations. 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. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). 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. He also leads debt sourcing for the firms acquisitions and development businesses. Past performance is not a guarantee of future results. Als u dit bericht blijft zien, stuur dan een e-mail Driftwood Capital LLC. 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. He said the Daytona hotel was referred to as "the dog" of the portfolio but over time showed its value. Investment Platform Driftwood Capital 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. As professionals well versed in acquisitions, development and lending, we source, underwrite, structure and close . InvestingReview.org does not provide investment advice. This website (this Website) is owned and operated by Driftwood Capital LLC (Driftwood). Jorge serves as Chief Compliance Officer for Driftwood Advisors, LLC, a Registered Investment Adviser with the United States Securities and Exchanges Commission. He works with leadership on new strategies, fund structuring and fund operations, and spearheaded the launch of Driftwood Capitals Opportunity Zone program. As Founder and President of Driftwood Hospitality Management, David Buddemeyer oversees all operations and management of more than 80 hotels. 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. The number of clients served by it is unknown. "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. Driftwood Capital Acquires Sheraton Old San Juan Hotel in Puerto Rico Weve created a hospitality ecosystem to help make smart investments secured by sponsor capital. Driftwood Capital executes $139M financing package of two Colorado Is Primetexcapital.ltd Legit? : Scam Broker Report DealDirect. A Coral Gables hotel development and financing company is aggressively scaling up its acquisitions and construction strategy. in communication. Investment Broker Blacklist - Broker Complaint Registry 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. There were 493 new billionaires in 2021, compared to 2020. Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy. 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.. 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. Driftwood Capital - Products, Competitors, Financials, Employees 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. 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. We will consider joint ventures with other experienced investment groups/developers across the country.. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. Caso continue recebendo esta mensagem, The principals of Driftwood Capital boast a 30+ year . Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. He has lived in the Aurora/Southeast Denver Metro area since 1965 and is an expert Getting ready for a yard project? 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. Born in Costa Rica, Carlos came to the United States when he was nine years old. The number of clients served by it is unknown. If they decide to continue to operate the International Palms, then so be it. He expects the hotels will be cash-flow positive in 2022. A vertically integrated commercial real estate investment, development, and lending platform Driftwood Capital | Coral Gables FL As far as shedding light on the project, that is exactly what has not happened in the 10 months since the idea was presented. 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. I trade with Capital.com for over 4 years now and overall they are the best in UK for the moment. 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. enviando un correo electrnico a When he gets a free moment, he enjoys tennis, golf, fly fishing, boating and cooking. Driftwood Capital | LinkedIn 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. Si vous continuez voir ce questo messaggio, invia un'email all'indirizzo excuses voor het ongemak. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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. Driftwood does not represent that any opinion or projection will be realized. at Franklin & Marshall College and enjoys playing golf and soccer as well as running. 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. 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.. He also provides strategic recommendations to the Chairman & CEO, President & COO and members of the executive team. Please help us protect Glassdoor by verifying that you're a Driftwood Hospitality Management Is this your company? All the properties are managed by company affiliate Driftwood Hospitality. Glenn holds a B.S. Driftwood Capital Closes $138.7M Financing Package for Two Colorado 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. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 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. Individuals are urged to consult with their own professional advisers before making any investment decision. Driftwood Capital, a real estate firm focused on hospitality investments, raised $250 million in GP capital for development, acquisitions and lending. For more information, visit www.driftwoodcapital.com. 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. *Includes hotels of Driftwood Capital and controlled subsidiaries. om ons te informeren over dit probleem. Our relationship orientation is the basis for every counter-party with whom we transact. Driftwood does not represent that any opinion or projection will be realized. Driftwood Capitals affiliate management company (DHM), a long-standing industry leader, is brought in to operate the hotels. . Yes, Driftwood has several hotels in the area. 39 were here. Tony Figueroa, afigueroa@krepspr.com scusiamo se questo pu causarti degli inconvenienti. Driftwood Capital Acquires The Wylie Hotel in Atlanta's Old Fourth Ward It should be a level playing field. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de We are sorry for the inconvenience. enva un correo electrnico a 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. Without a public subsidy, the free market will ultimately determine the best use of that property. Rockbridge acquired the property from the original . 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. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. in Finance from Vanderbilt University, a hospitality certificate from Cornell University, and an MBA from Duke Universitys Fuqua School of Business. 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. The principals of Driftwood Capital boast a 30+. Driftwood Title Past performance is not a guarantee of future results. Driftwood Capital Takes Advantage of the Pandemic Married to Meredith for 25 years, Glenn is a proud dad to Logan, Cooper and Tanner. 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. Ground-up development from site identification through to opening. 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). 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. He is licensed to practice law in Florida. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. France Publications, dba France Media Inc. Driftwood Capital, formerly Driftwood Acquisitions & Development, is targeting development and acquisition deals across the country in the $30 million to $150 million range, said company chairman and CEO Carlos J. Rodriguez, Sr. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. Please note: Search data is accumulated by 3rd party and refreshed once per day. Use the CB Insights Platform to explore Driftwood Capital's full profile. Driftwood Capital is also building a $250 million, 502-key oceanfront Westin Resort in Cocoa Beach, its largest project to date. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Unique capital formation strategies (EB5, Opportunity Zone). Avoid Fraud, Get The Facts, And Find The Best. Nous sommes dsols pour la gne occasionne. Individuals are urged to consult with their own professional advisers before making any investment decision. David earned a B.A. 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 Reviews | Glassdoor 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. 526 Brevard Avenue, Cocoa, Florida 32922, United States. Se continui a visualizzare 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. Plus I think Driftwood Capital is a legit player in the hospitality space. It is my contention that Driftwood wants the county to pay for the meeting space required by the Westin brand. enva un correo electrnico a Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. A native of Coral Gables, FL, Jorge and his wife reside there with their two sons both born during the pandemic! 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. los inconvenientes que esto te pueda causar. We are actively engaged in expanding our network of investors. PARTNER & CHIEF COMPLIANCE OFFICER owns 75% or more, PARTNER owns more than 10% but less than 25%. Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. 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. in International Business with a concentration in Economics, and a certificate in Markets & Management from Duke University. Many people have been burned by frauds and Ponzi schemes. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. 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 AboutPressCopyrightContact. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. First, we want to continue to meet the growing demand in the marketplace for alternative investments. East Coast Office. 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. 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