Driftwood Acquisitions & Development LP
Can Mezzanine Loans Spur Hospitality’s Rebound?
Driftwood Capital CEO Carlos Rodriguez Sr. on solutions for an industry in pressing need of rescue capital.
CRE Industry Preps for New EB-5 Regulations
The U.S. government’s modernization of the immigrant investor program goes into effect tomorrow with new rules—most notably, an 80 percent increase in the investment minimum.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
JV Lands $29M Construction Loan for Fort Lauderdale Hilton
Mission Capital Advisors arranged the financing on behalf of Merrimac Ventures and Driftwood Acquisitions and Development, to begin building a dual-brand, 218-key project.
DC-Area Westin Hotel Changes Hands for $62M
The 407-key transit-oriented Westin Tysons Corner is located in the largest office submarket in Virginia, providing easy access to the Dulles International Airport.