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

The development group behind the Tru by Hilton is an Ardmore, Okla.-based company called Apollo Hospitality, according to the development plan filed at City Hall. According to its website, it looks like the company has about five hotels in Oklahoma and Texas. As for the concept behind a Tru by.

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A joint venture between Merrimac Ventures and Driftwood Acquisitions and Development has secured .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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Investing in hotels with Driftwood offers you cash-flowing hotels, strong returns and customized asset selection. Canopy by Hilton Hotels. Driftwood named one of South Florida’s 2018 Businesses of the Year. New OZ Fund Secures Two Initial Hotel Investments in Fort Lauderdale, Wilmington, DE.

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