Driftwood Acquisitions and Development buys two Florida hotels

DoubleTree by Hilton Historic District in St. Augustine

Driftwood Acquisitions and Development, a privately held investment firm specializing in the acquisition and development of hotel assets throughout the United States, acquired two hotels in Florida’s most well-known coastal cities. The DoubleTree by Hilton Historic District in St. Augustine and Hampton Inn Daytona Beach/Beachfront will become the company’s eighth and ninth properties, respectively.

“Our two newest hotels are perfect additions to DAD’s growing list of properties in popular tourist destinations and really underscore our success in 2017,” Carlos Rodriguez, CEO of DAD, said in a statement. “Just halfway through the year, we’ve already exceeded our hotel acquisition goal for 2017, and we can’t wait to see what the second part of the year has to offer. It’s an exciting time for our company and it’s wonderful that our newest hotels in Daytona Beach and St. Augustine will be part of our story moving forward.”

Hampton Inn Daytona Beach

Hampton Inn Daytona Beach/Beachfront is located on Florida’s Atlantic Coast – often referred to as “The World’s Most Famous Beach.” The resort provides guests with direct beach access and is walking distance from popular hotspots like the Daytona Beach Boardwalk and Ocean Shoppes.

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The property is located near three airports—Daytona Beach International Airport, Orlando Sanford International Airport and Orlando International Airport—as well as major highways such as I-95 and I-4.

Renovated in 2013, the oceanfront property is comprised of 91 guestrooms, of which 84 have uninterrupted oceanfront views. Guests will have access to an on-site fitness facility, meeting room, whirlpool, heated outdoor pool, pool deck with bar, fire pit and children’s splash pad.

DoubleTree by Hilton Historic District is a four-star property ranked number four out of the 77 surrounding hotels on TripAdvisor. DAD’s newest acquisition features comfortable and convenient amenities with a sophisticated layout that reflects the city’s charm. 

The property offers more than 2,700 square feet of function/meeting space, a business center, free Wi-Fi, a fitness center, outdoor restaurant and signature restaurant, Oak Room & Lounge.

The hotel underwent an $8.2-million renovation in 2014, replacing all mechanical, electrical and plumbing and expanded the footprint of the first floor, allowing the hotel to gain a competitive advantage in attracting more visitors.

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Sam Schwartz has spent more than four years with First Hospitality, including most recently as a general manager.