Carlos Rodriguez Sr. is chairman and chief executive officer and Carlos Rodriguez Jr. is chief operating officer of Driftwood Acquisitions & Development. Courtesy photos
The SpringHill Suites Altamonte Springs is the first hotel in Driftwood Acquisition & Development's portfolio to complete the company's investment cycle.
February 19, 2019 at 02:45 PM
1 minute read
South Florida real estate reporter
Coral Gables-based Driftwood Acquisitions & Development sold its Marriott-branded, 90-room SpringHill Suites Altamonte Springs, the company’s first hotel to complete the company’s unique investment strategy.
An affiliate of Driftwood Acquisitions & Development, SHS Altamonte Springs Ltd., sold the hotel to 205 West State Road 436 LLC for $11.65 million, according to the Seminole County Property Appraiser’s office. The deal, which breaks down to $129,444 per room, closed Dec. 27.
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