At Driftwood, we are proud of our success in achieving strong revenue generation and solid growth in Net Operating Income at our portfolio of hotels and resorts. We are well positioned to continue our growth in to the future. We are confident that our company will be able to capitalize on its experience and expertise in acquiring, developing, repositioning, renovating and operating hotels by selecting unique opportunities in attractive markets.

Significant company highlights include:

• 3,000+ associates at nearly 30 properties with 6,000+ keys.


• Nearly 50 corporate employees focusing on hotel operations, sales and marketing, Internet strategy and online distribution, development acquisitions, renovation, accounting, and yield management.


• Investment in Grupo Vacacional Cardel, Ltd., an innovative Vacation Club ownership program with marketing offices throughout Latin America. The program enables Driftwood managed properties to boost hotel occupancies during traditionally slow periods. GVC is affiliated with the RCI worldwide exchange network.


• Recently completed $400MM joint venture with AGRE U.S. Real Estate Fund, L.P., a real estate investment fund managed and advised by an affiliate of Apollo Global Management, LLC. Through this collaboration, Driftwood is in the midst of a broad acquisition strategy, pursuing the purchase, renovation and reflagging of full-service hotels and resorts across the U.S.
  

Click here for more information on our Executive Team.

 

© Driftwood Management, 2008