August 2021 - Driftwood Bulletin

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Hilton Lifetime Achievement, Carlos Rodriguez

Hospitality Net

Jul 09, 2021

Driftwood Capital Acquires Hotel Indigo® Houston At The Galleria

Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announces it has acquired the Hotel Indigo® Houston at the Galleria, a 131-key hotel located in Houston’s Uptown submarket.

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

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

Equity Investment

Hilton Dallas/Southlake Town Square

Southlake, TX

11.9%

Target Annual Returns

16.5%

Target IRR

5-7 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

Opportunity Zone

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

Download the latest research on the industry

Amadeus — Hospitality Market Insights Report

Cushman & Wakefield — Back to the Office

Horwath HTL — US Lodging Monthly Market Overview

NKF — Q2 Hotel Market NSights Report National Dashboard

NKF — Q2 Hotel Market Nsights Report - Top & Bottom 10 Market Rankings

Marcus & Millichap — 2021 Hospitality Midyear Outlook