Driftwood provides Elliott, Chartres Lodging JV financing for Texas’s Largest Hotel, 1,840-key Sheraton Hotel Dallas

6/25/2025

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Connect CRE

• Subcategory: Capital Markets: Debt, Hospitality: Hotel

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Mezzanine

• Company: Driftwood Capital, Marriott (Nasdaq: MAR), Elliott Investment Management L.P.

Driftwood Capital, through its lending fund Driftwood Lending Partners, LP, it has provided $35 million in mezzanine financing for the refinancing of the Sheraton Dallas hotel, Texas’s largest hotel with 1,841 keys. The mezzanine loan is part of a broader refinancing by the borrower, a joint venture sponsored by Chartres Lodging Group.