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What's new at Driftwood

Investment Opportunities

Hilton Dallas/Southlake Town Square

Southlake, TX

11.9%

Target Annual Returns

16.5%

Target IRR

$50,000

Minimum Investment

5-7 Years

Anticpated Term

More information

Staybridge Suites

Wilmigton, DE

13.4%

Target Annual Returns

15.9%

Target IRR

$50,000

Minimum Investment

2.9X

Target Equity Multiple

More information

Home2 Suites Charlotte Uptown

Charlotte, NC

10.9%

Target Annual Returns

64.9% LTV

Based on stabilized value

$25,000

Minimum Investment

3 Years

Anticpated Term

More information

Hyatt Place Washington DC/US Capitol

Washington, DC

9.6%

Target Annual Returns

52.7% LTV

Pre-Covid Appraisal

$25,000

Minimum Investment

3 Years

Anticpated Term

More information

Hilton Dallas/Southlake Town Square

Southlake, TX

11.9%

Target Annual Returns

16.5%

Target IRR

5-7 Years

Anticpated Term

More information

Home2 Suites Charlotte Uptown

Charlotte, NC

10.9%

Target Annual Returns

64.9% LTV

Based on stabilized value

3 Years

Anticpated Term

More information

Hyatt Place Washington DC/US Capitol

Washington, DC

9.6%

Target Annual Returns

52.7% LTV

Pre-Covid Appraisal

3 Years

Anticpated Term

More information

Staybridge Suites

Wilmigton, DE

13.4%

Target Annual Returns

15.9%

Target IRR

2.9X

Target Equity Multiple

More information

What's new in the industry

Forbes
Jul 30, 2021

U.S. Business Travel Could Revive in 2021, despite COVID-19 Outbreaks

Despite some tightening of corporate travel budgets and widespread consensus about the effectiveness of teleconferencing and working remotely, business travelers in the United States may be ready to break out their rolling suitcases again.
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Hospitality Net
Jul 23, 2021

One in Five US Hotels Selling at Least 90% of Rooms

Slightly better than one in every five hotels in the U.S. sold more than 90% of their rooms in the week ending July 17 — the most since the summer of 2019 — but hotel rates edged down from all-time highs reached the week prior.
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Hotel Management
Jul 16, 2021

U.S. ADR Reaches Record High

U.S. hotel occupancy improved week over week for the week of July 4-10, while average daily rate was the highest on record, according to STR's latest data.
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Business Travel News
Jul 13, 2021

Knowland: June Group Meetings and Events Volume has Increased

Knowland, an AI-powered meetings and events data provider for hotels, convention and visitor bureaus, conference centers, and other venues, released its monthly meetings and events data for June. The numbers reveal that June U.S. group meetings and events volume increased 16.5 percent over last month.
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Travel Weekly
Jul 12, 2021

Focus on Business Travel: A Changed Sector Emerges from Crisis

A recent poll from the Global Business Travel Association found that 40% of respondents said their company has already resumed nonessential domestic business travel, a positive uptick from its previous surveys.
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Bloomberg
Jul 10, 2021

Business Trips Are Coming Back Faster Than Expected in the U.S.

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CoStar
Jul 01, 2021

U.S. Hotel Profit Improved to 70% of 2019 Level

Gross operating profit for U.S. hotels reached 70% of the comparable 2019 level, according to STR‘s May 2021 monthly P&L data release. While demand, revenues and GOP continue to uptick, labor spending remained flat from the previous month at 64%.
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CoStar
Jul 01, 2021

Weekly US Hotel Occupancy Inches Closer to 70%

U.S. weekly hotel occupancy hit its highest level since late October 2019, according to STR‘s latest data through June 26.
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Travel Pulse
Jun 30, 2021

Many Americans Feel Safe Traveling Again

A new study of American travelers found that many now feel safe traveling outside their local communities, shopping in local stores and dining in local restaurants.
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Travel Weekly
Jun 28, 2021

Corporate hotel rates down from 2019, but probably not for long

The figures, from hotel analytics firm Tripbam's second-quarter market report, also reveal global market hotel rates are up 10% month over month and are on pace to reach 2019 levels before year's end if they continue on that trajectory.
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CoStar
Jun 25, 2021

Leisure Demand Lifts US Hotel Industry Closer to 2019 Comparisons

For a second consecutive week, U.S. hotel demand was at 90% or more of 2019 levels thanks to leisure travel, according to the latest Market Recovery Monitor from STR, CoStar Group’s hospitality analytics firm.
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Hotel Management
Jun 21, 2021

STR: May reaches prepandemic performance numbers

The U.S. hotel industry recorded its highest monthly performance levels since before the beginning of the pandemic, according to May 2021 data from STR. In May, occupancy reached 59.3 percent, average daily rate was $117.69 and revenue per available room was $69.81. Each of the three key performance metrics were the highest for any month since February 2020.
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Lodging Magazine
Jun 11, 2021

Knowland: May 2021 U.S. Group Meetings Volume Increased

ARLINGTON, Virginia—Knowland, an AI-powered meetings and events data provider for hotels, convention and visitor bureaus, conference centers, and other venues, released its monthly meetings and events data for May. The numbers reveal that May 2021 U.S. group meetings volume increased 28.4 percent over last month.
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Lodging Magazine
Jun 11, 2021

MMGY Global: U.S. Travelers Have a Higher Interest in Vacationing

KANSAS CITY—MMGY Travel Intelligence, MMGY Global’s research and insights division, has released the findings from the 2021 “Summer Edition” of its Portrait of American Travelers survey, conducted in April. The report explains in detail how U.S. travelers’ interests in leisure travel have rapidly increased as vaccinations have become widely available and states peel back-related COVID-19 restrictions.
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Business Travel News
Jun 08, 2021

Hotel CEOs 'Cautiously Optimistic,' Bullish on Business Travel Return

The Memorial Day holiday was a boon for the lodging industry as pent-up leisure demand came roaring back, even setting occupancy or revenue per available room records for the weekend for some major hotel companies. They're also professing strong faith in the eventual return of business travelers to their properties.
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The Wall Street Journal
Jun 01, 2021

Business Travel Is Coming Back

Startups, governments and nonprofits are racing to create so-called “vaccine passports,” or digital health passes aimed at helping people travel and safely move around in public. WSJ explains what it would take to get a global digital health pass system off the ground
Read Article
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