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
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
Our Projects
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%
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