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Washington DC  + DC Metro  + Hospitality  | 

Driftwood Capital Acquires 316-Room Hyatt Regency Fairfax Hotel

Commercial real estate investment, development and lending platform Driftwood Capital has acquired the Hyatt Regency Fairfax, a 316-room hotel located in the Washington D.C. submarket of Fairfax, VA. The sales price was not disclosed.

Located at 12777 Fair Lakes Circle, the Hyatt Regency Fairfax is 13-story, high-rise hotel built in 1989. The property offers modern oversized-guest rooms, a state-of-the-art fitness center, an indoor pool with whirlpool, a full-service restaurant and more than 9,000 square feet of flexible meeting space capable of hosting up to 600 guests and 2,420 square feet of pre-function space. The property will be managed by Driftwood Capital’s sister company, Driftwood Hospitality Management, and will be rebranded as a Hilton hotel.

“Having completed an extensive $14 million renovation in 2016, this hotel presented Driftwood Capital and its investors a unique value-add opportunity to realize significant gains in top-line performance once a new management team is in place that capitalizes on the hotel’s superior location and physical condition,” said Carlos Rodriguez Sr., CEO at Driftwood Capital.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition