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Driftwood Targets $3 Billion in Hotel Investments

Florida Firm Launches New Acquisition, Development Funds As It Expands Into Lending

Driftwood Capital plans to develop a 502-room oceanfront Westin Resort on the site of the former International Palms in Cocoa Beach, Florida. (CoStar)
Driftwood Capital plans to develop a 502-room oceanfront Westin Resort on the site of the former International Palms in Cocoa Beach, Florida. (CoStar)

Driftwood Acquisitions & Development, a closely held real estate firm specializing in hotels, has initiated a restructuring process that includes the launch of two funds it hopes will attract $3 billion in investments over the next five years.

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