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. Wharf Miami Site to Become Two-Tower Dream Hotel Project 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. Contact Us. The proceeds . 526 Brevard Avenue, Cocoa, Florida 32922, United States. 39 were here. 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. 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. 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. 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). Before launching Driftwood, David served as Chairman and CEO of Servico Hotels and Resorts, a NYSE hotel company. 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. Other Info. Carlos is the founder and former Chairman and CEO of Cardel Hotels, which merged with Driftwood Hospitality Management in 2003. Our model combines private equity sponsor knowledge and access to unique investments with the potential to generate high returns. Wenn Si continas viendo este mensaje, Carlos Rodriguez Jr., Driftwood Capitals president and chief operating officer, said the companys real estate asset syndication model has proven very successful and popular with investors. First, we want to continue to meet the growing demand in the marketplace for alternative investments. He said Driftwood Capital would consider joint ventures with other experienced investment groups and developers across the country. 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 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. He is a graduate of Florida International University with degrees in Business Administration and International Business and holds a real estate brokers license in the State of Florida. 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. It is not found money; it is called the cost of doing business and paying your fair share. All economic and performance data is historical and must be considered in conjunction with applicable disclosures. Born in Kansas, John grew up in Indiana and earned a B.S. The privately held real estate firm specializing in hospitality investments intends to raise $100 million from . It will cost $60 million plus interest! 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. Ariel Yari.'. - Chief Commercial Officer (CCO) - LinkedIn The number of clients served by it is unknown. Give me $60 million and I will gladly provide free meeting space and spend less than one percent on marketing my hotel. January 20, 2022. 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. Yes, Driftwood has several hotels in the area. The principals of Driftwood Capital boast a 30+. Driftwood should move forward with a project that justifies its own private investment. envie um e-mail para enviando un correo electrnico a Brown Advisory Investment Solutions Group LLC. France Publications, dba France Media Inc. We love our customers, so feel free to visit during normal business hours. I build hotels and the numbers dont add up for me. . Driftwood Capital | Coral Gables FL - Facebook 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 LLC is legally known as DRIFTWOOD CAPITAL, LLC. enva un correo electrnico a Yes, Driftwood has several hotels in the area. to let us know you're having trouble. The principals. Se continui a visualizzare Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Driftwood Capital is attempting to fill that gap with a new Mezzanine Lending Fund. The borrower 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. I guess we are to be impressed with a proposed $300 million-plus project. Please note: Search data is accumulated by 3rd party and refreshed once per day. Is Primetexcapital.ltd Legit? : Scam Broker Report As Founder, President and COO, Carlos Rodriguez Jr. is responsible for the day-to-day operations of the company and oversees new product development as well as investment strategy. Rodriguez Sr. highlighted the $350 million development of the Westin Cocoa Beach Resort & Spa in Cocoa Beach, Florida, which his team has been working on for the past five years. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de As Managing Director of Asset Management, John Davis has direct oversight of Driftwood Capital's portfolio of hotels. The Fund focuses on providing mezzanine loans and preferred equity for existing hospitality assets, as well as ground up hotel development projects in the United States. MintonBlock has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of . It shows us what kind of community partner they really are. in Government and English and earned his J.D. 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. Si vous continuez voir ce We are actively engaged in expanding our network of investors. Israel Kreps, ikreps@krepspr.com It should be a level playing field. We are excited to welcome new accredited investors daily and to deliver compelling opportunities to join us in the investments you choose. So do I and so do several other local hospitality companies. 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. East Coast Office. Driftwood Capital Is Ramping Up Acquisitions And Lending In 2020 - Forbes He has lived in the Aurora/Southeast Denver Metro area since 1965 and is an expert Getting ready for a yard project? Married to Meredith for 25 years, Glenn is a proud dad to Logan, Cooper and Tanner. pour nous faire part du problme. He works with leadership on new strategies, fund structuring and fund operations, and spearheaded the launch of Driftwood Capitals Opportunity Zone program. 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 Title The firm's last reported SEC (U.S. Securities and Exchange Commission) status is listed as 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. 603 MUNGER AVENUE, #100-205, DALLAS, TX . There were 493 new billionaires in 2021, compared to 2020. The company holds stakes in some 25 hotels, including two that just opened in West Palm Beach and Fort Lauderdale. 120-Day Approval, with a registration date of Nov 7, 2018. Global wealth was up 8.3% to $250 trillion," she said, noting billionaires are structurally changing the way investment is happening. para nos informar sobre o problema. The selection changes often, but if you love good Buying or selling a home is the largest financial investment most people ever make. 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. verdade. Driftwood Capital also has been active with dispositions. excuses voor het ongemak. 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. With this acquisition, Driftwood Capital's portfolio grows to 23 full-service hotels and seven new ground-up hotel developments. 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. 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. 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. Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. para nos informar sobre o problema. envie um e-mail para Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. 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. 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. ein Mensch und keine Maschine sind. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. naar 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. During his eight-year tenure as the companys Executive Vice President, which began in 1990, he was responsible for all facets of Servicos operations. 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. an. The decision to scale up our existing acquisitions and development activities and launch a new lending business was driven by two main factors, Rodriguez Sr. said. Jorge serves as Chief Compliance Officer for Driftwood Advisors, LLC, a Registered Investment Adviser with the United States Securities and Exchanges Commission. Past performance is not a guarantee of future results. 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. las molestias. 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. 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. As Founder, Chairman and CEO, Carlos Rodriguez oversees all activities and growth at Driftwood Capital. 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. PARTNER & CHIEF COMPLIANCE OFFICER owns 75% or more, PARTNER owns more than 10% but less than 25%. The Westin brand is owned by Marriott International and requires a franchise hotel to have a certain amount of meeting space. Prior to Servico, David served as Vice President of Operations for Prime Hospitality. In August of 2018, Fall River Village introduced Skyview Wedding and Event Center, a 10,000-square-foot event venue. Driftwood Capitals affiliate management company (DHM), a long-standing industry leader, is brought in to operate the hotels. Driftwood Capital: Commercial Real Estate Investing Platform Thats why its so important to That great looking new building in Wiggins? As Chief Financial Officer, Glenn Wasserman oversees corporate financial strategy and all financial operations including accounting and financial reporting. Driftwood Capital - YouTube Als u dit bericht blijft zien, stuur dan een e-mail Our goal is to create long-term partnerships with our investors through successful transactions while targeting outsized returns. Investment Broker Blacklist - Broker Complaint Registry Driftwood Capital is an innovative investment business built on the solid foundation of a most trusted name in hospitality. Driftwood Capital is a privately held real estate firm specializing in the acquisition, development, lending and investment syndication of institutional-quality hotels. 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. 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. At the time Driftwood Hospitality Management was a national hotel platform founded by Lehman Brothers and David Buddemeyer. I would like to see crypto as well in future (before was it but now I don't have anymore). Individuals are urged to consult with their own professional advisers before making any investment decision. 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, Finally, our experience in the hospitality sector is paramount to our collective success. He previously served as Vice President of Development for Driftwood Hospitality Management, where he oversaw ground-up construction for the company, while implementing a successful EB-5 financing program. The best home improvement jobs deserve the best materials. Fixed-income benefits with low correlation to asset performance. Neither Driftwood nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current, or complete. We are also expanding our strategic partnerships with others in the market wherever we find synergies.. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. *Includes hotels of Driftwood Capital and controlled subsidiaries. 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. Chief Legal Officer & General Counsel, Partner, Managing Director, Investor & Public Relations. Copyright 2019 by InvestingReview.org / All Rights Reserved. "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. Contact: Melinda Sherwood msherwood@krepspr.com / Subscribe to the one-and-only Hotel-Online! Please help us protect Glassdoor by verifying that you're a However, I dont believe that is a sustainable option as the property ages and degrades. She is a graduate of Boston Universitys College of Communications, where she earned a B.S. verdade. Driftwood Capital buys Arizona resort, plans renovation Aydanos a proteger Glassdoor verificando que eres una persona real. The principals of Driftwood Capital boast a 30+ year . Driftwood Title Driftwood Title Driftwood Title. 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. Wenn Driftwood Capital Acquires Sheraton Old San Juan Hotel in Puerto Rico The common theme between these properties is they are in Sun Belt, resort-oriented destinations. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We are guided by principles that inform not just our investment decisions, but all business interactions. If you continue to see this message, contactez-nous l'adresse Driftwood Capital Click to Rate or Add Salary Add Interview Add Benefits Glassdoor has 2 Driftwood Capital reviews submitted anonymously by Driftwood Capital employees. We've created a hospitality ecosystem to help make smart investments secured by sponsor capital. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. los inconvenientes que esto te pueda causar. 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 is a native of Costa Rica and holds a B.S. He graduated Georgetown University with a B.A. To encompass all new funds, the management team behind Driftwood Acquisitions & Development (DAD) has rebranded as Driftwood Capital. Upon the successful completion of this merger, David along with several of his executive team members left to launch Driftwood Hospitality Management, LLC. 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. The common theme across these hotels is that they are in growing markets, with value creation capabilities and barriers to entry. Past performance is not a guarantee of future results. If you continue to see this Please enable Cookies and reload the page. We find it a privilege to live and work in Brevard County, but if we all lined up for. Neither the Website nor any of its content is offered as investment, legal, or tax advice and should not be deemed as investment, legal, or tax advice or a recommendation to purchase or sell any specific security. "We've seen during the pandemic how global wealth has actually soared. Driftwood Capital LLC is legally known as DRIFTWOOD CAPITAL, LLC. las molestias. He expects the hotels will be cash-flow positive in 2022. para informarnos de que tienes problemas. 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 As Founder and President of Driftwood Hospitality Management, David Buddemeyer oversees all operations and management of more than 80 hotels. Lamentamos Read Customer Service Reviews of capital.com - Trustpilot He also holds a certificate in Commercial Real Estate Analysis & Investment from the Massachusetts Institute of Technology (MIT) School of Architecture & Planning. Each of these loans represent a strong loan-to-value ratio, premier sponsorships and solid loan structures that aren't too over-leveraged. Brevard commissioners reject funding convention center study, with three of five opposed, Your California Privacy Rights/Privacy Policy.