Driftwood Hospitality Management Acquires Hilton Resort
Monday October 7th, 2013 - 12:49PM E
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NORTH PALM BEACH, FL—Driftwood Hospitality Management acquired the Hilton Cocoa Beach Oceanfront Resort. The 295-room resort will undergo a phased $14-million renovation, including upgrades to the guestrooms, public spaces and expansion of the pool bar.
The Hilton Cocoa Beach Oceanfront Resort currently features a full-service restaurant and lounge, heated outdoor pool, fitness center and oceanfront pool bar. Amenities and services include surfboard lessons, beach volleyball and kayak and boogie board rentals.
Driftwood will kick off the phased renovation program in the coming weeks. Initially, the company will begin updating the hotel’s interior guest spaces, including guestrooms, the lobby, restaurant and bar. Future phases are expected to include updates to the resort’s exterior, including a newly designed pool deck and bar area.
Tags: Driftwood Hospitality Management • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.