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Driftwood Capital Completes Office-to-Hotel Conversion

Staybridge Suites Opens in Downtown Wilmington After $31 Million Redevelopment
Driftwood Capital opened the new Staybridge Suites hotel in downtown Wilmington, Delaware. The former office tower consists of 134 suite-style rooms. (IHG)
Driftwood Capital opened the new Staybridge Suites hotel in downtown Wilmington, Delaware. The former office tower consists of 134 suite-style rooms. (IHG)
By Nathan Cloud
CoStar Research
August 22, 2022 | 5:16 P.M.

Florida-based hospitality investment firm Driftwood Capital announced it completed the $31 million conversion of an 11-story office building in downtown Wilmington, Delaware, into a 134-unit Staybridge Suites hotel.

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News | Driftwood Capital Completes Office-to-Hotel Conversion