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Business & Finance

Driftwood Hospitality Management and American Opportunity Regional Center 'Top-Off' Doubletree by Hilton in Doral, Florida

NORTH PALM BEACH, FL. June 28, 2017 – Driftwood Hospitality Management (DHM) and American Opportunity Regional Center today celebrated the ’topping-off’– completion of the shell and roof – of the new 150-room DoubleTree by Hilton in Doral. A ceremony welcomed Driftwood executives, employees from American Opportunity Regional Center and the construction team. The property has been developed and will be managed by DHM.

“We are pleased to be onboard as both the developer of this particular hotel and later, once it is open, its management company,” said Carlos Rodriguez, executive vice president for DHM. “This project showcases Driftwood’s ability to provide an array of services including development and construction assistance for hotel developers and financial partners. Today is a very exciting day and we are looking forward to opening the DoubleTree by Hilton in Doral very shortly, welcoming guests from the immediate area as well as key U.S. and international markets who are visiting Miami for work or play.”

DHM joined its long-standing partner, American Opportunity Regional Center – a company that offers comprehensive solutions to EB-5 investment needs and provides opportunities for EB-5 investors – for this project and assisted with brand selection and supervision of the hotel’s design. The six-floor hotel – located close to Miami-Dade County’s International Mall – will open in July 2017 and will feature spacious guestrooms, a restaurant, two full-service bar concepts, a lounge, three meeting rooms, an outdoor pool, a business center and a 24-hour fitness center.

“It’s been wonderful to partner with Driftwood Hospitality on this project and we’re looking forward to positively impacting the local economy here, adding a beautiful hotel in one of South Florida’s hottest markets,” said Rafael Mendible, managing director for American Opportunity Regional Center. “The DoubleTree by Hilton in Doral will bring new jobs for many in the U.S. that might otherwise be eliminated and these types of projects bring investors more dynamic business opportunities. This is the first of what we believe will be many joint ventures with Driftwood.”

DHM’s acquisition arm, Driftwood Acquisitions and Development (DAD) has been active in the EB-5 foreign investment program and provides a unique business model that delivers high-yielding institutional quality hotel investments to accredited investors. The company finds and quickly acquires the best opportunities in the U.S. hotel market with its own capital. Once these hotels are secured and under management, DAD opens each asset to individuals to decide if its right for them and the amount they want to invest.

The DoubleTree by Hilton in Doral will be located on the corner of Northwest 102nd Avenue and 19th Street and within proximity of Miami International Airport and CityPlace Doral – the area’s newest shopping, dining and entertainment complex.

For more information on DHM, please visit www.driftwoodhospitality.com.

For more information on American Opportunity Regional Center, please visit www.AmericanOpportunity.us.

About Driftwood Hospitality Management

DHM currently manages approximately 40 hotels with more than 8,000 rooms throughout the United States and Costa Rica. The portfolio includes a broad cross-section of branded hotels ranging from large full-service to mid-size, extended stay and limited-service properties, as well as independent hotels, boutiques and resorts. The members of the company's senior management team have an average of 20 years of experience in all segments of the lodging industry and have proven highly successful in the development of new hotels and hotel takeovers, as well as the re-positioning and optimization of hotel operations.

About American Opportunity Regional Center

American Opportunity Regional Center (AORC) offers comprehensive solutions to EB-5 investment needs. AORC staff consists of legal, accounting and real estate professionals that assist with investments, EB-5 applications and relocation to the Unites States. AORC provides passive investment opportunities for EB-5 investors, whereby the EB-5 investor is not responsible for the day-to-day management of the investment. American Opportunity Regional Center professionals work to comply with EB-5 requirements to allow our EB-5 investors the opportunity to pursue other hobbies, careers or retire.

Contact:
Matt Ritter
DriftwoodPR@HemsworthCommunications.com
954-716-7614

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.