Sheraton Detroit
A 198,500 SF, value-add hotel located in a desirable suburb in the Detroit MSA.
Location
Novi, MI
Investment Strategy
Value-Add
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Jul 2018
Status
Closed Investment Strategies
.svg)
There is a reason Investopedia has named us Best Overall Real Estate Crowdfunding Platform three years in a row.
*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Other Offerings by Driftwood
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
 |
|
Sponsor Equity
$1,610,000.00
4.107142857142857%
Investor Equity
$14,490,000
36.964285714285715%
Senior Loan Amount
$23,100,000
58.92857142857143%
|
|
Total
$39,200,000
100%
|
||
On the CrowdStreet platform, offerings are treated pari-passu. |
||
