This opportunity is available for investment
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Recent Renovation. The Property recently underwent a comprehensive renovation that was completed in May 2024 with approximately $5 million spent on guestrooms and public space renovations (approximately $28,000 per key), plus an additional subsequent $1 million spend in back-of-house and facilities upgrades.
Discount to Replacement. The Trust believes the Property was acquired at an all-in investment level that is below the cost to replace. The construction standards and recent renovation will allow for minimal post-acquisition obligations and costs for changes. The next mandated cyclical renovation pursuant to the PIP is due November 28, 2031.
Value of the Brand. The Hotel is operated under the name Courtyard by Marriott, which is a brand of Marriott International, Inc. The Brand is part of Marriott’s international brand family and is one of the most popular and productive select-service brands for customers. The Brand fits well within the corporate suburb where the Property is located, which is an area that attracts white-collar type guests that appreciate the consistency of the Brand and global reach of its rewards program.
Affluent Location in Dynamic Florida Market. The Property is in a desirable exurban location in Weston, Florida, a prosperous enclave west of Fort Lauderdale that is recognized as one of Florida’s most desirable submarkets. The median single family home sale price is over $880,000 and median household income is nearly $140,000.
Tourist Demand. The Fort Lauderdale market attracts millions of visitors annually who seek to enjoy the beaches, waterways, neighborhoods and downtown districts, and upscale restaurants, retailers, and attractions. The Fort Lauderdale-Hollywood International Airport is also undergoing a capital renovation to make the area more accessible. Amerant Bank Arena, home to the Florida Panthers of the National Hockey League and host to dozens of concert events each year, is located approximately 15 minutes’ drive (approximately 7 miles) north on Interstate 75.
Corporate & Group Demand. There are approximately 889,000 square feet of office space in the immediate vicinity of the Property, which creates opportunity for local corporate and group demand. In addition, Broward County has significant special meeting facilities that could draw large corporate groups to the area that would be interested in staying at the Property.
Medical Demand. The Property is located approximately 1.3 miles from the 258-bed Cleveland Clinic Weston, a large, multi-facility, multidisciplinary hospital complex. This large medical provider contributes more than $4 billion to the Southeast Florida economy.
Consistent Track Record. The Property has yielded bottom-line profits throughout its operating history. The Property maintained solid operating margins and maintained cash flow near historical benchmarks through its recent renovation.
Master Lease Structure. The Master Lease structure allows the Master Tenant to operate the Property on behalf of the Trust and to enable actions to be taken with respect to the Property that the Trust would be unable to take due to tax law-related restrictions, including, but not limited to, a restriction against re-leasing the Property.
The Hotel includes three meeting rooms totaling 1,378 square feet of meeting space with newly upgraded audio/visual equipment. The largest meeting room can hold up to 50 people.
Based on the systems and components observed during the site visit, the Hotel appeared to be in good condition. The overall level of preventative maintenance appeared to be good.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Property Type
Hospitality
Location
Weston, FL
Year Built
2002
Please refer to the Driftwood Hotel Income I, DST - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Driftwood Capital, LLC
Driftwood Capital, LLC wholly owns and controls the Signatory Trustee and the Master Tenant, and majority-owns and controls the Property Manager. Driftwood Capital Holdings, LP wholly owns and controls the Contributor.
The Signatory Trustee is a wholly-owned subsidiary of Driftwood Capital, LLC.
Carlos Rodriguez, Jr. is the Co-Founder, President, and Chief Executive Officer of Driftwood Capital, a vertically integrated hospitality platform designed to operate across investment management, development, lending, and hotel operations. The firm manages approximately $3.5 billion in gross asset value and, through Driftwood Hospitality Management, operates more than 80 hotels for institutional and entrepreneurial ownership groups.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Recent Renovation. The Property recently underwent a comprehensive renovation that was completed in May 2024 with approximately $5 million spent on guestrooms and public space renovations (approximately $28,000 per key), plus an additional subsequent $1 million spend in back-of-house and facilities upgrades.
Discount to Replacement. The Trust believes the Property was acquired at an all-in investment level that is below the cost to replace. The construction standards and recent renovation will allow for minimal post-acquisition obligations and costs for changes. The next mandated cyclical renovation pursuant to the PIP is due November 28, 2031.
Value of the Brand. The Hotel is operated under the name Courtyard by Marriott, which is a brand of Marriott International, Inc. The Brand is part of Marriott’s international brand family and is one of the most popular and productive select-service brands for customers. The Brand fits well within the corporate suburb where the Property is located, which is an area that attracts white-collar type guests that appreciate the consistency of the Brand and global reach of its rewards program.
Affluent Location in Dynamic Florida Market. The Property is in a desirable exurban location in Weston, Florida, a prosperous enclave west of Fort Lauderdale that is recognized as one of Florida’s most desirable submarkets. The median single family home sale price is over $880,000 and median household income is nearly $140,000.
Tourist Demand. The Fort Lauderdale market attracts millions of visitors annually who seek to enjoy the beaches, waterways, neighborhoods and downtown districts, and upscale restaurants, retailers, and attractions. The Fort Lauderdale-Hollywood International Airport is also undergoing a capital renovation to make the area more accessible. Amerant Bank Arena, home to the Florida Panthers of the National Hockey League and host to dozens of concert events each year, is located approximately 15 minutes’ drive (approximately 7 miles) north on Interstate 75.
Corporate & Group Demand. There are approximately 889,000 square feet of office space in the immediate vicinity of the Property, which creates opportunity for local corporate and group demand. In addition, Broward County has significant special meeting facilities that could draw large corporate groups to the area that would be interested in staying at the Property.
Medical Demand. The Property is located approximately 1.3 miles from the 258-bed Cleveland Clinic Weston, a large, multi-facility, multidisciplinary hospital complex. This large medical provider contributes more than $4 billion to the Southeast Florida economy.
Consistent Track Record. The Property has yielded bottom-line profits throughout its operating history. The Property maintained solid operating margins and maintained cash flow near historical benchmarks through its recent renovation.
Master Lease Structure. The Master Lease structure allows the Master Tenant to operate the Property on behalf of the Trust and to enable actions to be taken with respect to the Property that the Trust would be unable to take due to tax law-related restrictions, including, but not limited to, a restriction against re-leasing the Property.
The Hotel includes three meeting rooms totaling 1,378 square feet of meeting space with newly upgraded audio/visual equipment. The largest meeting room can hold up to 50 people.
Based on the systems and components observed during the site visit, the Hotel appeared to be in good condition. The overall level of preventative maintenance appeared to be good.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Property Type
Hospitality
Location
Weston, FL
Year Built
2002
Please refer to the Driftwood Hotel Income I, DST - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Driftwood Capital, LLC
Driftwood Capital, LLC wholly owns and controls the Signatory Trustee and the Master Tenant, and majority-owns and controls the Property Manager. Driftwood Capital Holdings, LP wholly owns and controls the Contributor.
The Signatory Trustee is a wholly-owned subsidiary of Driftwood Capital, LLC.
Carlos Rodriguez, Jr. is the Co-Founder, President, and Chief Executive Officer of Driftwood Capital, a vertically integrated hospitality platform designed to operate across investment management, development, lending, and hotel operations. The firm manages approximately $3.5 billion in gross asset value and, through Driftwood Hospitality Management, operates more than 80 hotels for institutional and entrepreneurial ownership groups.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
