Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announces it has acquired the Hotel Indigo® Houston at the Galleria, a 131-key hotel located in Houston’s Uptown submarket.
Driftwood Capital, which provides high-net-worth investors direct access to institutional-quality hotel assets through its unique syndication model, acquired the property through its acquisition GP fund, which targets hotel acquisition opportunities in the $30 million to $150 million range. The property will be open for syndication beginning on September 1 with a minimum investment of $50,000. Driftwood Capital, which has acquired 22 full-service hotels and developed seven new ground-up hotel projects since its inception, retains a 10 percent stake in all investments.
This is the fourth hotel property that Driftwood Capital has added to its growing portfolio in the last 12 months. Earlier this year, the firm acquired the 316-room Hyatt Regency Fairfax in Virginia, with the firm also acquiring the 248-key Hilton Southlake in Dallas and the 399-key Sheraton Pittsburgh Hotel at Station Square in Pittsburgh, Pennsylvania in 2020. Click to read more at www.hospitalitynet.org.