Bank OZK awards construction loan to Driftwood Acquisitions & Development and Merrimac Ventures for Tru by Hilton and Home2 Suites by Hilton hotel in Fort Lauderdale – South Florida Business Journal

Home2 Suites by Hilton, part of Hilton’s (NYSE: HLT) All Suites portfolio, announced today its The company’s portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Home2 Suites by Hilton is a mid-tier, all-suite award-winning extended-stay hotel concept designed.

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A joint venture between Merrimac Ventures and Driftwood Acquisitions and Development has secured $28.5 million for the construction of a new Hilton-franchised hotel in Fort Lauderdale, Fla. Mission Capital Advisors arranged the non-recourse loan through Bank OZK.

Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton Worldwide The topping out is a milestone in the development process and signifies the project has reached its This hotel is also part of the growing portfolio of urban hotels from Hilton Worldwide’s All Suites category.

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See 70 traveler reviews, 99 candid photos, and great deals for Home2 Suites by Hilton Miramar Ft. Lauderdale, ranked #8 of 8 hotels in Miramar and rated 4 of 5 at TripAdvisor.

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Driftwood Acquisitions and Development and local developer dev motwani of Merrimac Ventures entered a 50/50 partnership to build a dual-branded Tru/Home2 Suites by Hilton hotel in Downtown Fort Lauderdale, Fla. The new-build hotel, which will be managed by Driftwood Hospitality.

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A joint venture between Merrimac Ventures and Driftwood Acquisitions and Development has secured $28.5 million for the construction of a new Hilton-franchised hotel in Fort Lauderdale, Fla. Mission Capital Advisors arranged the non-recourse loan through Bank OZK, on behalf of the partnership.

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