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Chicago & Midwest  + Illinois  + Midwest  + Hospitality  | 

Driftwood Capital Secures $60.5M for Missouri Margaritaville Resort

Driftwood Capital, a vertically integrated commercial real estate firm, arranged the $60.5 million refinancing of Margaritaville Lake Resort, Lake of the Ozarks, a 520-key resort located in Osage Beach, Missouri.

Managing Directors Michael Weinberg and Scott Wadler, along with Associate Director Alec Fox, of Berkadia South Florida arranged the financing through Goldman Sachs Bank USA and Starwood Mortgage Capital. The five-year loan includes full-term interest-only payments at a competitive interest rate.

“Since acquiring and repositioning the iconic Tan-Tar-A Resort into a Margaritaville hotel, we have increased revenue by more than 50%, significantly outperforming our underwriting and solidifying our belief in the lifestyle concept,” said Carlos Rodriguez, Jr., President & COO at Driftwood Capital.

Located at 494 Tan Tar A Drive, the Margaritaville Resort Lake of the Ozarks includes a full-service marina, championship golf course, indoor water park, spa, and seven restaurants and bars. The closing comes on the heels of Driftwood’s recent $60M refinancing of the Hilton Cocoa Beach in Florida’s Space Coast.

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Inside The Story

Driftwood CapitalBerkadiaGoldman SachsStarwood Mortgage Capital

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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