May 2021 - Driftwood Bulletin

What's new at Driftwood

Featured

Commercial Observer

May 17, 2021

Driftwood Capital Acquires Hyatt Regency Fairfax Hotel in Virginia

Driftwood Capital, a Miami-based real estate investment company, has acquired the Hyatt Regency Fairfax, a 316-key hotel in Fairfax, Va., and will rebrand the property as a Hilton to be managed by Driftwood Hospitality Management.

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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

Tru/Home2 Suites by Hilton at Flagler Station

Ft. Lauderdale, FL

12%

Target Annual Returns

16%

Target XIRR

$50,000

Minimum Investment

3.1x

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

Hilton Dallas/Southlake Town Square

Southlake, TX

11.9%

Target Annual Returns

16.5%

Target IRR

5-7 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

Tru/Home2 Suites by Hilton at Flagler Station

Ft. Lauderdale, FL

12%

Target Annual Returns

16%

Target XIRR

3.1x

Target Equity Multiple

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

What's new in the industry

Featured

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

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Download the latest research on the industry

NKF — U.S. Hotel Market NSights Report

Kalibri Labs — U.S. Tier Analysis - Upper, Middle, Lower

Horwath HTL — US Lodging Monthly Market Overview

CBRE — U.S. Hotel State of the Union