Staybridge Suites OZ

The redevelopment of a 98,970 SF office building to a 134-key, extended-stay, urban Staybridge Suites hotel by IHG located in the heart of Downtown Wilmington, recognized as an opportunity zone and part of the Wilmington Redevelopment District.

Location Wilmington, DE
Investment Strategy Opportunistic
Property Type Hotel / Hospitality
Open To Accredited Investors
Closed Date Nov 2021
Opportunity Zone
Staybridge Suites OZ, a Hotel / Hospitality real estate investment opportunity in Wilmington, DE listed on the CrowdStreet Marketplace.
Status
deal_status_icon Closed

This offering was a Qualified Opportunity Zone (QOZ). Learn about the potential tax benefits of investing in Qualified Opportunity Zones.

Investment Strategies

Real Estate Investment Return Metrics
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Additional Information on Investor Return Metrics
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*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

Read more about the Sponsors on the Marketplace

Private equity real estate - capital stack priority  
Capital Stack
Investor Equity
$9,521,011 31.2%
Sponsor Equity
$599,280 2.0%
Senior Debt
$14,950,000 49.1%
EB5 Debt
$5,400,000 17.7%
Total
$30,470,292 100%

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Location
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Status
Open for Investment
Multifamily Value-Add

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