Driftwood Capital Celebrates Rebranding of Its 245-Key Hotel Rumbao in Historic Old San Juan, Puerto Rico

Driftwood Capital | May 7, 2024

Following a $21.8M transformation, the repositioned asset has been launched under Marriott’s Tribute Portfolio of boutique hotels. San Juan, Puerto Rico (May 7, 2024) – Driftwood Capital (“Driftwood”), a vertically integrated commercial real estate hospitality sponsor, announces the grand opening of Hotel Rumbao, a 245-key hotel and Paseo Portuario, a parking and retail complex in Old San Juan, Puerto Rico. Acquired by Driftwood Capital in 2021, the property has been repositioned to Marriott’s Tribute Portfolio of independent boutique hotels following a $21.8 million renovation of the property and its surroundings. Driftwood H...