Driftwood Capital buys Sheraton Old San Juan hotel, rebranding it to Marriott
October 1, 2021
Driftwood Capital, commercial real estate investment, development and lending platform specializing in hospitality, has acquired the Sheraton Old San Juan, a 240-room hotel and 27,500-square-foot retail complex in Old San Juan, it announced. The financial terms of the deal were undisclosed, News is my Business confirmed. “Driftwood intends to undertake a full-scale renovation of the […]
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Newmark Knight Frank secures $30M loan to refinance Sheraton Old San Juan
April 22, 2019
On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]
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