Invest in Tru/Home2 Suites by Hilton at Flagler Station — Ft. Lauderdale, FL.
Unique cash-flowing opportunity zone investment:
Our newly opened 19-story, 218-room dual-branded hotel (Tru by Hilton & Home2 Suites by Hilton) in downtown Ft. Lauderdale, FL is open to accredited investors and qualifies for the significant tax benefits available to investors through the opportunity zone program.
Projected Equity Multiple
Anticipated Annual Returns
The construction was commenced in 2018 by Driftwood Capital and its joint venture partner, Merrimac Ventures and the hotels were inaugurated in Q4 2020. The total project cost of $73.2MM represents a $336K per room investment that was fully funded by the developers and subsequently the initial QOF contribution of $18.1MM.
The QOF had a maximum target raise of $25.5MM in capital contributions and thus the GP is seeking to raise the remaining balance of approximately $7.4MM to off- set Developer financing and complete the long-term financing plan.
The Ft. Lauderdale hotel market had a 9.8% increase in average daily rate from 2015 to 2018 and is expected to continue that growth throughout the upcoming years.
ARTS AND TECHNOLOGY DISTRICT
Convention Center Expansion
Cruise Port Reopening
Strong Development Pipeline
Frequently Asked Questions
How were Opportunity Zones determined?
Where are the Opportunity Zones
Benefits of investing in a qualified Opportunity fund?
What are the tax breaks?
First, they can defer and reduce capital gains from any other source (e.g. sale of stocks, bonds, real estate, etc.) by investing those capital gains in an opportunity zone.
Second, if the investment is held for at least 10 years, they pay no capital gains on proceeds from the opportunity zone investment.
How does it work?
Invest: your capital gains in a qualified opportunity zone investment.
Defer: taxes on original capital gains until 12/31/2026.
Reduce: Investors may reduce the tax liability on deferred capital gains invested. The deferred gain is reduced by 10% if the investment in the fund is held for 5 years by December 31, 2026
Eliminate: Investors may eliminate capital gains tax (federal and most states) on QOF investments if the investment is held for 10 years
Why invest in the Driftwood Opportunity Zone fund?
Additionally, as a vertically integrated company, we offer a unique model which allows us to manage the asset and ensure the highest quality in operations and cash-flow optimization.
Who we are
In 2015, the principals of Driftwood Capital launched a unique syndication model for accredited investors to access otherwise exclusive institutional-quality hotels. All Driftwood Capital funds benefit from the principals’ affiliation with Driftwood Hospitality Management (“DHM”), which currently manages over 70 full and limited-service hotels with more than 13,000 rooms across 22 states and is regarded as a long-standing industry leader and best-in-class operator.
Driftwood Capital’s ever-growing syndicated investor network has expanded to more than 850 investors comprised of high-net-worth individuals, family offices, and small institutional investors across the globe. Through strong partnerships with leading hotel brands and lenders, a sterling reputation among brokers, a professional team of industry experts, and an affiliated best-in-class hotel operator, Driftwood Capital provides the necessary structure and high-quality opportunities for accredited investors to achieve long-term capital growth and wealth preservation.
Only for accredited investors
Legal disclaimers & footnotes
Projected Investor Distributions Schedule
This investment example, including the projected distributions associated therewith, is provided for illustrative purposes only and is not necessarily indicative of any future investments by Driftwood Qualified Opportunity Fund I, LP, Driftwood Capital, LLC, or any of its affiliated companies, or the results of any future investments. A complete list of past investments made by Driftwood Capital is available upon request. This example should not be deemed as investment advice or a recommendation to purchase or sell any specific security. No representations or warranties whatsoever are made by Driftwood Capital LLC, any of their affiliates, or any other person or entity as to the future profitability of a Fund or the results of making an investment. Detailed information on how the data was calculated is available upon request.
This investment teaser (this “Teaser”) is being furnished to prospective investors on a confidential basis to provide preliminary information with respect to Driftwood Qualified Opportunity Fund I, LP (the “Fund”) and the subject matter hereof and may not be used for any other purpose. This Teaser does not constitute an offer to sell or a solicitation of an offer to buy limited or general partnership interests, which shall only be made pursuant to a future agreement, the operating agreements of the Fund and its relevant affiliates, and additional related disclosures (the “Offering Documents”), as each may be provided by the general partner, in its sole discretion, to prospective investors in the Fund. Any of the information contained herein that is ultimately inconsistent with the contents of the Offering Documents will be deemed superseded by the information in the Offering Documents.
This Teaser, including any of the information contained herein, may not be copied, reproduced, or redistributed without the express prior written consent of the Fund.
In making an investment decision, investors must rely on their own examination of the person or entity creating the interests and the terms of an offering, including the merits and risks involved. No federal or state securities commission or regulatory authority have confirmed the accuracy or determined the adequacy of this Teaser. Any representation to the contrary is a criminal offense.
Prospective investors are not to construe any of the information set forth in this Teaser as investment, legal or tax advice. A number of factors material to a decision whether to invest in the Fund have been presented in this Teaser in summary or outline form solely in reliance on the financial sophistication of the prospective investors. A prospective investor should consult with its own legal, investment, tax, accounting and other advisors to determine the potential benefits, burdens and other consequences of an investment in the Fund.
This Teaser contains “forward-looking statements” relating to the Fund’s operations that are based on current expectations, estimates and projections and are subject to a number of significant risks and uncertainties. Any such forward-looking statements contained herein should not be relied upon as predictions of future events. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “continue,” “typically,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects” or “anticipates” or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans, intentions or unrealized investment results. Such forward-looking statements are subject to numerous risks and are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and may not be realized. In that regard, the matters discussed in this Teaser or other factors could cause actual results and other matters to differ materially from those in such forward-looking statements. As a result of the foregoing, no assurances can be or are given as to future results of operations or financial condition of the Fund. Similarly, no information provided herein with respect to previous performance of any affiliates of the Fund, including Driftwood Capital, LLC, as the sponsor of the Fund, should be construed to indicate or suggest future results and performance.