Driftwood Capital Provides $30M Mezzanine Loan For Sheraton Dallas Hotel Refinance

The Sheraton Dallas Hotel, located at 400 Olive Street in Dallas, is a 1,841-room hotel that recently underwent renovations. Built in 1959, the hotel features extensive meeting and event space, five onsite restaurants, and standard hospitality amenities.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $30,000,000
• Address: 400 Olive Street
• Market: Dallas
• Asset Type: Hotel
• Keys: 1,841

Miami-based lender Driftwood Capital, represented by Carlos Rodriguez Sr., provided a $30 million mezzanine loan for the refinancing of the Sheraton Dallas Hotel. The loan type for the transaction was a refinance. Driftwood Capital is known for its role in financing hotel properties, contributing to the successful refinancing of this iconic Dallas hotel.