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January 22, 2020  

Hotel Specialist Launches 2 Vehicles

Hotel investor Driftwood Capital has raised $250 million of equity for its first two property funds.The Coral Gables, Fla., firm last month closed on $125 million apiece for Driftwood Acquisition Partners and Driftwood Development Partners. The manager has told investors it won’t accept additional capital for either vehicle, even though both are structured as open-end funds. The “evergreen” format is designed to give Driftwood...

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