MELBOURNE, Florida—Driftwood Capital announced it has broken ground on the Element by Westin, a new 130-key extended-stay hotel located on oceanfront property in Melbourne, Florida; the hotel will be known as Element Melbourne Beach. The property is being built on the 2.56-acre site of a former parking lot located adjacent to The Crowne Plaza Melbourne, another property owned and operated by Driftwood Capital. It is the first Marriott-branded hotel in Melbourne Beach. An official groundbreaking […]

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