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Driftwood Secures Financing for Atlanta Hotel
Driftwood Capital (“Driftwood”) secured $28.5 million in refinancing for the Wylie Hotel Atlanta.
Fortress Investment Group provided a 36-month loan at a competitive interest rate to refinance the Wylie.
Driftwood Acquisition Partners (“DAP”) acquired the independent Wylie Hotel in 2021 and rebranded it into a Tapestry by Hilton in 2023.
Located at 551 Ponce De Leon Ave NE, the 111-key Wylie Hotel features dining options such as Mrs. P’s Bar & Kitchen.
Driftwood says it is well-versed in acquisitions, development and lending. It sources, underwrites, structures and closes investments across diverse markets and asset types, from name brands to boutique properties. Then, it brings its experience in hotel management to each investment, seeking to add value and improve operations to deliver superior risk-adjusted returns in hospitality.
