Our Story

After years of sourcing, investing, and managing hotels for large investment funds, we have created the ideal vehicle for accredited investors to join us. And we’ve found a little hospitality can go a long way.

$1 BILLION in assets

50 HOTELS OPERATED IN THE USA

4,500 employees to provide the best service in hospitality

20 years of experience

Our Model

We purchase hotels with our own capital. Only then are you invited to co-invest in secure, cash-flowing hotel assets at our cost basis.

STEP 1
DAD purchases cash-flowing hotels with its own capital

STEP 3
DAD provides investors the opportunity to co-invest a minimum of $ 100,000 at DAD’s cost basis

STEP 2
DAD installs its affiliate manager to take over hotel operations

STEP 4
Investors start to receive average annual 10% cash-on-cash dividends, paid quarterly

We purchase hotels with our own capital. Only then are you invited to co-invest in secure, cash-flowing hotels at our cost basis

STEP 1
DAD purchases cash flowing hotels with its own capital

STEP 2
DAD installs its affiliate manager to take over hotel operations

STEP 3
DAD provides investors the opportunity to co-invest a minimum of $ 100,000 at DAD’s cost basis

STEP 4
Investors start to receive average annual 10% cash-on-cash dividends paid, paid quarterly

Our Hotels

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Our Promise

We strive to provide the safest yield-generating investments in the hospitality industry. We remove speculation from the equation and optimize returns via proactive asset and operational management.

  • Average annual 10% cash-on-cash dividends
  • Expected IRR's exceeding 15%
  • Minimum $100,000 investment
  • Institutional grade hotels
  • Category killing global brands
  • Strong operational track records
  • In-place cash flow
  • Experienced management team
  • Proactive asset management
  • Best-in-class investor relations
  • Online tracking, document management, and distributions
  • Rigid and fixed investment parameters
  • Investors select hotel investment based on preference
  • Investors customize individual hotel portfolios
  • DAD provides several new hotel investment opportunities each year to accredited investors

Hilton Tampa

Purchase Date: December 2012

Sale Date: May 2016

Purchase Price: $63 million

Sale Proceeds: $101.5 million

Total All In Cost: $81.9 million

Sale Cap Rate: 8.55%

Investor Contribution: $21.6 million

Investor IRR: 29.0%

Loan Amount: $60.3 million

Equity Multiple: 2.23x

Doubletree Columbus

Purchase Date: November 2012

Sale Date: August 2016

Purchase Price: $8 million

Sale Proceeds: $19 million

Total All In Cost: $15.7 million

Sale Cap Rate: 8.6%

Investor Contribution: $6.2 million

Investor IRR: 39.2%

Loan Amount: $9.5 million

Equity Multiple: 3.38x

Sheraton Houston

Purchase Date: September 2012

Sale Date: February 2016

Purchase Price: $35 million

Sale Proceeds: $70 million

Total All In Cost: $47.9 million

Sale Cap Rate: 8.96%

Investor Contribution: $19.9 million

Investor IRR: 30.1%

Loan Amount: $28 million

Equity Multiple: 2.17x

Doubletree Raleigh Durham

Purchase Date: May 2012

Sale Date: May 2015

Purchase Price: $16.5 million

Sale Proceeds: $33 million

Total All In Cost: $26.7 million

Sale Cap Rate: 7.8%

Investor Contribution: $15.1 million

Investor IRR: 22.05%

Loan Amount: $11.6 million

Equity Multiple: 1.73x

Doubletree Wilmington

Purchase Date: September 2011

Sale Date: March 2014

Purchase Price: $12 million

Sale Proceeds: $23.525 million

Total All In Cost: $18.2 million

Sale Cap Rate: 7.65%

Investor Contribution: $6.1 million

Investor IRR: 36.4%

Loan Amount: $12.08 million

Equity Multiple: 4.07x

Crowne Plaza Denver

Purchase Date: June 2006

Loan Amount: $32.75 million

Purchase Price: $34.5 million

Sale Date: May 2015

Number of Rooms: 364

Sale Proceeds: $77.25 million

Total All In Cost: $44.44 million

Sale Cap Rate: 9.6%

Investor Contribution: $11.69 million

Investor IRR: 17.7%

Hyatt Summerfield Suites Portfolio

Purchase Date: March 2006

Loan Amount: $67.1 million

Total All In Cost: $81.3 million

Sale Date: July 2008

Cost/key: $95,843

Sale Proceeds: $109 million

Number of Rooms: 848

Sale Cap Rate: 4.6%

Investor Contribution: $14.2 million

Investor IRR: 58.3%

Doubletree Hotel Houston Airport

Purchase Date: November 2005

Loan Amount: $20.1 million

Purchase Price: $22 million

Sale Date: July 2008

Number of Rooms: 313

Sale Proceeds: $42 million

Total All In Cost: $29.2 million

Sale Cap Rate: 9.4%

Investor Contribution: $9.1 million

Investor IRR: 52.0%

Courtyard Richmond Airport

Purchase Date: May 2005

Loan Amount: $7.16 million

Purchase Price: $12.2 million

Sale Date: December 2007

Number of Rooms: 142

Sale Proceeds: $19.1 million

Total All In Cost: $12.94 million

Sale Cap Rate: 8.3%

Investor Contribution: $5.78 million

Investor IRR: 26.6%

Sheraton Tampa Riverwalk

Purchase Date: December 2004

Loan Amount: $20.7 million

Purchase Price: $20.5 million

Sale Date: September 2007

Number of Rooms: 277

Sale Proceeds: $45.6 million

Total All In Cost: $30.7 million

Sale Cap Rate: 7.0%

Investor Contribution: $10 million

Investor IRR: 41.6%

Hampton Inn & Suites Miami Doral

Purchase Date: March 2000

Loan Amount: $6.25 million

Development Cost: $9.2 million

Sale Date: May 2006

Number of Rooms: 121

Sale Proceeds: $14.5 million

Cost/Key: $76,000

Sale Cap Rate: 9.1%

Investor Contribution: $2.95 million

Investor IRR: 22.8%

Double Tree Raleigh-Durham Airport

Total acquisition cost:
US$26,700,000

Purchase date:
May 2012

Selling price:
US$33,000,000

Selling date:
May 2015

Net IRR for investors:
22.1%

Hampton Inn and Suites Doral

Development cost:
US$9,200,000

Purchase date:
March 2000

Selling price:
US$14,500,000

Selling date:
May 2006

Net IRR for investors:
22.8%

Courtyard Richmond Airport

Total acquisition cost:
US$12,940,000

Purchase date:
May 2005

Selling price:
US$19,100,000

Selling date:
December 2007

Net IRR for investors:
26.6%

Sheraton Tampa Riverwalk

Total acquisition cost:
US$30,700,000

Purchase date:
December 2004

Selling price:
US$45.600.000

Selling date:
September 2007

Net IRR for investors:
41.6%

Tel: (305) 500.9998
Fax: (305) 500.9997
info@dadlp.com
255 Alhambra Circle
Suite 760
Coral Gables, FL 33134

© 2018 Driftwood Acquisitions and Development, LP