Driftwood Capital Acquires Sheraton Old San Juan Hotel in Puerto Rico

Driftwood Capital | September 29, 2021

MIAMI, FL – September 29, 2021 – Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, announces that it has acquired the Sheraton Old San Juan, a 240-room hotel and 27,500-square-foot retail complex in the heart of Old San Juan, Puerto Rico. Driftwood intends to undertake a full-scale renovation of the property and convert it to a Tribute By Marriott – making it the only branded hotel in the historic district. It will be managed by Driftwood Capital’s sister company, Driftwood Hospitality Management (DHM), a national hotel operator with over 20 ye...