Driftwood Capital Provides Financing for a 26-Hotel Portfolio Acquisition
MIAMI—Driftwood Capital provided financing to an institutional owner of hospitality assets across the United States (sponsor) for the acquisition of an economy, extended-stay hotel portfolio located predominantly in the Southeast. The proceeds cover the acquisition of 26 hotels, the majority of which operate under the G6 Hospitality Brand (Motel 6 and Studio 6), totaling 3,067 keys, along with the refinancing of an additional 15 hotels. The sponsor is the second largest economy hotel owner in […]
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