Driftwood Hospitality Management Names Paul Hsu Senior VP of Acquisitions
Hospitality Industry Veteran to Oversee Company's Acquisition Strategy, Including Acquiring New Hotels and Securing Third-Party Management Contracts
North Palm Beach, FL - June 2, 2014 - Driftwood Hospitality Management has appointed Paul Hsu as Senior Vice President of Acquisitions. Hsu will, effective immediately, be responsible for acquisitions, management contracts and working with the company's Asian capital partners.
“Paul's extensive knowledge of, and experience with, commercial transactions will prove invaluable to the growth of our company heading into the future,” said David Buddemeyer, President of Driftwood Hospitality. “Paul has already introduced new foreign capital sources to us and based on his extensive relationships, we anticipate significant growth with him onboard.”
Prior to joining Driftwood, Hsu worked at HFF, LP as an Associate Director from 2010 to 2014 on the Hotel Investment Sales team and before that was a Senior Associate at The Plasencia Group. In both roles, he was instrumental in obtaining business opportunities for potential partnerships, securing valuation engagements, and executing the transactional process for the companies' hospitality assets. With more than ten years of experience, Hsu has provided advisory services for nearly $2B worth of hospitality assets.
Born in Taipei, Taiwan, Hsu received his Bachelor of Science from Cornell University's School of Hotel Administration.
About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference - Flexibility, Diversity, Integrity, Accessibility, Originality, the company covers the full spectrum of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood's portfolio represents virtually every segment of the hospitality industry. Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years.
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