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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 hotel has two brands by Hilton. Please Sign In and use this article’s on page print button to print this article.

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The developers of a dual-branded Hilton hotel in Fort Lauderdale's Flagler Village area broke ground for construction of the 218-room property.. Merrimac Ventures and Driftwood Acquisitions & Development are developing the. officer of Merrimac Ventures, told the South Florida Business Journal.

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A joint venture between Merrimac Ventures and Driftwood Acquisitions and Development has secured $28.5 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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The bank moved to seize a widow’s home. But it didn’t tell her the loan was insured. 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; Commercial Mortgage: 03/27/05

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Driftwood Acquisitions & Development (DAD), an innovative hospitality. Driftwood Breaks Ground on Dual-Branded Tru by Hilton and. by Hilton and Home2 Suites by Hilton hotel in Fort Lauderdale, Florida.. from Hilton, Merrimac Ventures (Driftwood's co-developers and GP. Management Company.

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.