financeLodging Magazine··1 min·For: Owner, Investor, GM, Revenue
Driftwood Capital Launches DST With Marriott Acquisition
Driftwood Capital has officially launched its Delaware Statutory Trust (DST) platform with the acquisition of the 174-key Courtyard by Marriott Fort Lauderdale Weston. The move allows the firm to cater to 1031 exchange investors seeking passive institutional-quality hotel assets.
Key Takeaways
- 1Leverage the new DST platform to access tax-deferred 1031 exchange capital for hotel investments.
- 2Capitalize on Florida's high-growth markets by targeting well-located suburban assets like the Courtyard Fort Lauderdale Weston.
- 3Utilize Driftwood Capital's vertically integrated model for streamlined acquisitions, development, and ongoing hotel management.
Source: Lodging Magazine
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