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Raines rebrands, recalibrates during pandemic

Raines rebrands, recalibrates during pandemic
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Hotels change hands as occupancy improves

By
May 17, 2021
The Hyatt Regency Fairfax (Va.) will be rebranded as a Hilton property after its recent purchase by Driftwood Capital.
(Hyatt Hotels Corp.)
As travel resumes and occupancy improves, companies are buying and selling hotels across the country. Here are three recent transactions.
Washington, D.C.
Commercial real estate investment, development and lending platform Driftwood Capital has acquired the Hyatt Regency Fairfax,a 316-room hotel in the Washington, D.C., submarket of Fairfax, Va., for an undisclosed price. The hotel is set to be rebranded to a Hilton flag and will be managed by Driftwood Capital’s sister company, Driftwood Hospitality Management. ....

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