Acquisition & Development
Driftwood Hospitality Management’s executive team has successfully completed the acquisition and development of more than 100 hotels since 1994. We have in-depth knowledge about local markets and lucrative destinations around the globe, and have developed strong relationships with hotel owners and other hospitality professionals who can assist with property growth, expansion, and renovation phases.
We have a strong track record of success generating significant operating profits for hotels and provide services that help properties achieve long-term financial objectives in today’s competitive market.
Our Acquisition and Development Process
Driftwood has developed advanced systems and uses the latest technologies to identify lucrative markets and capitalize on opportunities. We offer:
- Experienced teams that are accessible to our partners
- Robust Internet distribution and e-Marketing strategies
- In-depth knowledge of local markets, regional trends, and lucrative destinations
- Size and geographic diversity
- Strong network of hospitality vendors, including hotel owners, tour operators, meeting planners, and wholesalers
Repositioning and Renovations
Our team is actively engaged in initiating and overseeing hotel renovations of under-performing properties. We have created strategies and systems that can reposition these hotels as leaders in their specific markets and achieve short-term and long-term revenue goals. We choose properties for renovation based on anticipated returns on investment. The renovation process may include enhancing the lobby area, revitalizing the restaurant or bar, and renovating pools, guestrooms, and other guest areas to improve the guest experience and increase the value of the property.
Contact Driftwood today for more information about our Acquisition and Development process.