/

|

Driftwood Capital initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets on Florida’s Space Coast, one of the state’s fastest-growing markets for business and tourism.

Consisting of four large-scale beachfront assets representing brands including Marriott, Hilton and IHG, upon completion of the Westin Cocoa Beach Resort, Spa and Conference Center, the fund’s portfolio is expected to represent approximately 11 percent of all the hotel rooms in the Space Coast market and 62 percent of the area’s beachfront hotel inventory.