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Driftwood Acquisitions & Development to Build New 200-Room Canopy by Hilton in Tempe, Arizona
Driftwood Acquisitions & Development | January 30, 2018
MIAMI, Fla. and MCLEAN, Va. – January 30, 2018 – Driftwood Acquisitions & Development(DAD), a company with decades of hospitality experience and a strategic focus on hotel and resort acquisitions, today announced plans to build a new Canopy by Hilton (NYSE: HLT) in Tempe, Arizona. The $60M+, 200-room Canopy by Hilton Tempe Downtown, University Area is in the heart of Tempe on University Drive, across the street from Arizona State University (ASU), one of the largest public university campuses by enrollment in the United States. DAD is purchasing the land parcel from The OPUS Group to anchor a corner of OPUS' highly antic...
Driftwood Acquisitions & Development Acquires Hlton/Dallas Rockwell Lakefront and Sheraton Detroit Novi Hotel
Driftwood Acquisitions & Development | December 4, 2017
MIAMI, Fla. – December 4, 2017 – Driftwood Acquisitions & Development (DAD) – a company with a first-of-its-kind business model that provides the perfect vehicle for accredited investors to co-invest in institutional quality cash flowing hotel assets – today announced it has acquired the Hilton Dallas/Rockwall Lakefront and Sheraton Detroit Novi Hotel. The announcement is the latest in a string of positive news for the company, which is poised to celebrate its best year ever heading into 2018. Most recently, DAD unveiled plans for a $10M renovation program at Tan-Tar-A Resort in Central Missouri, which will b...
Driftwood Hospitality Management Acquires First Two Properties as Part of New “DAD” Affiliate
Driftwood Hospitality Management | January 25, 2016
Holiday Inn Express Orlando Airport and SpringHill Suites by Marriott Altamonte Springs Will Undergo Renovation Projects Beginning Q1 2016; Other DAD Projects on Horizon MIAMI, FL – January 25, 2015 – Driftwood Hospitality Management (www.DriftwoodHospitality.com) today announced the first two acquisitions under its new Driftwood Acquisitions and Development ("DAD") affiliate. Both located in Central Florida, the Holiday Inn Express Orlando Airport and SpringHill Suites by Marriott Altamonte Springs will undergo renovation projects slated to commence in Q1, paving the way for continued growth by Driftwood – and DAD &nd...
