Miami-based Driftwood Acquisitions and Development entered the California market by acquiring a Marriott hotel in San Diego for $85.7 million. Driftwood paid just under $243,000 per key for the 353-key Marriott Mission Valley and plans to develop a second hotel on the same site. The Miami-based firm is soliciting accredited investors to co-invest in the San Diego hotel. Driftwood acquires hotels with its own capital and installs new management, then invites clients to co-invest at […]
source https://therealdeal.com/miami/2019/03/24/miami-based-firm-enters-california-market-with-85-7m-marriott-hotel-acquistion/#new_tab
No comments:
Post a Comment