Dive Brief:
- Driftwood Capital closed a $1.2 billion portfolio consolidation encompassing 18 Hilton, Marriott International and Margaritaville-branded hotels across 10 states, the company announced in a release obtained by Hotel Dive.
- The 4,203-key portfolio represents some of Driftwood’s “most strategically located and well-performing assets,” backed by $370 million worth of renovations or new…
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