Driftwood Capital Names David Resnick and David Steiner Co-CIOs

Driftwood Capital has unified its equity and credit investment operations under a single leadership team, appointing David Resnick as partner and co-chief investment officer while promoting credit platform cofounder David Steiner to co-CIO alongside him [[1], [2]]. Andrew Dykeman also joins the Coral Gables, Florida-based hospitality firm as senior vice president of equity investments [[1], [2]].

Why did Driftwood Capital restructure its investment leadership?

Driftwood Capital overhauled its leadership structure to coordinate equity and credit dealmaking under one team as the firm targets larger, more complex hospitality assets [[1], [2]]. According to Hotel Business, bringing the divisions together positions the firm to pursue lifestyle and luxury hotels, mixed-use builds, branded residential properties, and ground-up developments [1].

Carlos Rodriguez Jr., cofounder and chief executive officer of Driftwood, stated that integrating equity, development, and credit capabilities under one roof allows the firm to deploy creative structures across the entire capital stack [[1], [2]]. The unified structure lets the co-CIOs coordinate strategy while preserving the individual mandates of each investment fund [[1], [2]].

What responsibilities do the new co-CIOs share?

David Resnick and David Steiner direct all core investment activity across Driftwood’s equity and credit platforms [[1], [2]]. Their joint duties encompass strategy formulation, deal origination, underwriting, structuring, capital allocation, and portfolio oversight [[1], [2]].

As Lodging Magazine reported, Steiner noted that unifying the teams allows the firm to underwrite hospitality deals from every seat at once, crafting solutions across the debt and equity spectrum as asset acquisitions grow in scale [2].

What track record does David Resnick bring to the equity side?

Resnick arrives at Driftwood after serving as chief investment officer at 13th Floor Investments [[1], [2]]. During his tenure there, he guided more than $850 million of capitalized projects [[1], [2]].

Resnick also helped expand the pipeline at 13th Floor Investments to exceed 7,500 units and roughly $5.5 billion in capitalization spanning residential development, income-producing assets, and alternative property types [[1], [2]]. He noted that as digital life accelerates, differentiated in-person hospitality experiences hold greater value, requiring operational depth to execute [[1], [2]].

How large is Driftwood Capital’s credit vehicle under David Steiner?

Steiner joined Driftwood in 2020 and cofounded the firm’s credit vehicle [[1], [2]]. Through October 2025, he guided credit fund I’s participation as a co-lender across approximately $2.3 billion in aggregate credit transactions [[1], [2]].

His promotion to co-CIO pairs that lending track record directly with incoming equity deployment, formalizing joint oversight over both capital pools [[1], [2]].

What role will Andrew Dykeman handle as SVP of equity investments?

Andrew Dykeman oversees the underwriting and structuring of all new equity investments across the Driftwood platform [[1], [2]]. He joins the company from The Witkoff Group, where he worked as senior vice president of acquisitions and capital markets [[1], [2]].

At Witkoff, Dykeman led site selection, capital raising, and business planning for the Shell Bay residential and hotel brand across $10 billion of global master-planned transactions [[1], [2]]. As detailed by Hotel Business, Dykeman also directed underwriting and asset management on roughly $7 billion of developments and $3 billion in financings, working on marquee assets including the Shore Club in Miami Beach, One High Line in New York, and 700 N Miami Ave in Downtown Miami, while managing business development for Witkoff's data center arm [[1], [2]].

How do the incoming executives compare in past transaction volume?

The leadership appointments bring billions of dollars in executed development, debt, and equity transactions to Driftwood's hospitality pipeline [[1], [2]].

Together, the appointments equip Driftwood Capital to evaluate and fund complex hospitality projects from both the debt and equity perspectives simultaneously [[1], [2]].