Riverside Wharf Miami

24.1% Target*

IRR

2.9x Target*

Equity Multiple

$100,000

Minimum Investment

10+ Years

Assumed Hold Period

All projections, financial or otherwise, are for illustrative purposes only and should not be construed as what actual results will be. Rather, such projections or target returns should be viewed as merely an estimate of what results could be if the underlying assumptions and estimates prove to be accurate. There is no assurance that actual returns will meet or exceed the targeted returns, and they may be materially lower. These forward-looking statements are estimates reflecting the best judgment of Driftwood Capital (and its subsidiaries and/or affiliates). The target returns presented herein are hypothetical in nature, are based on a number of assumptions, do not reflect actual investment results, and are not any guarantee of future results. In addition, a specific investor’s actual performance may be materially different from such illustrative data depending on numerous factors. There are certain limitations inherent in hypothetical results like those portrayed herein. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any transaction. One of the limitations of hypothetical performance results is that they do not reflect transactions in actual client accounts and do not reflect the impact that material economic and market factors may have had on the decision-making associated with the transactions and funds. Unlike an actual performance record, hypothetical performance results do not represent actual completed transactions. The information contained herein is intended only for qualified investors who are knowledgeable about investments and the associated risks. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. Potential investors should conduct their own due diligence and consult their own legal, tax, and financial advisors before investing. This document does not constitute an offering of securities.

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Dream Hotel Lobby

A transformative hospitality & entertainment shovel-ready development in the heart of Downtown Miami

A shovel-ready, mixed-use development poised to deliver a 167-key luxury Dream Hotel, two high-end restaurants, approximately 18,000 square feet of meeting and event space, and over 40,000 square feet of premier entertainment venues—including a nightclub and rooftop day club.

Designed to operate nearly 24 hours a day across synergistic uses, the project aims to meet strong demand from both local and transient audiences.

This unique investment opportunity is located in what the sponsors—Driftwood Capital (“Driftwood”) and MV Real Estate Holdings (“MV”, together the “Sponsors”)—believe to be a high-barrier-to-entry market.

The project is expected to provide strong cashflows upon opening, an efficient source of capital through the use of the EB-5 program, and tax benefits from the areas Opportunity Zone designation.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

Available Opportunity Zone tax benefits

Opportunity Zone Funds were established under the 2017 Tax Cuts and Jobs Act to support investment in underserved communities through projects that may drive local job creation, business growth, and revitalization.

Tax exemption:
If investors hold a qualifying investment of capital gain in an Opportunity Zone Fund for at least 10 years, any capital gain in excess of the qualifying investment amount is not taxed upon disposition. This is the most significant tax benefit provided by Opportunity Zones.

Funding Options:
Investors can elect to defer paying taxes on capital gain invested as a qualifying investment in an Opportunity Zone Fund until calendar year 2027, or when the investment in the Opportunity Zone Fund is sold, whichever comes earlier. Accordingly, investors may earn returns on the deferred tax liability – essentially investment capital financed at 0% by the federal government.

Nothing herein constitutes tax advice or an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Each prospective investor should consult its own tax, legal, and financial adviser regarding all aspects of the Federal Qualified Opportunity Zone Program and the U.S. federal income as well as other tax consequences to it in light of such investor’s particular circumstances with respect to an investment in the Project and to determine the merits and risks of such an investment. The description of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail.

Target Metrics*

24.1% Target

IRR

2.9x Target

Equity Multiple

$100,000

Minimum Investment

10+ Years

Assumed Hold Period

The target returns shown in this document are hypothetical in nature, do not reflect actual results, and are not a guarantee of future results. All targets, projections, financial or otherwise, are for illustrative purposes only and should not be construed as what actual results will be. Rather, such projections or target returns should be viewed as merely an estimate of what results could be if the underlying assumptions and estimates prove to be accurate. There is no assurance that actual returns will meet or exceed the targeted returns, and they may be materially lower. The target returns presented herein are hypothetical in nature, are based on a number of assumptions, do not reflect actual investment results, and are not any guarantee of future results. In addition, a specific investor’s actual performance may be materially different from such illustrative data depending on numerous factors. There are certain limitations inherent in hypothetical results like those portrayed herein. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any transaction. One of the limitations of hypothetical performance results is that they do not reflect transactions in actual client accounts and do not reflect the impact that material economic and market factors may have had on the decision-making associated with the transactions and funds. Unlike an actual performance record, hypothetical performance results do not represent actual completed transactions. The information contained herein is intended only for qualified investors who are knowledgeable about investments and the associated risks. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. Potential investors should conduct their own due diligence and consult their own legal, tax, and financial advisors before investing.

Click here to see important disclaimers and disclosures

Proposed program

  • Dream Hotel

    • Dream by Hyatt (upper-upscale lifestyle brand)
      167-Keys

     

    Amenities:

    • Rooftop Pool and Bar
    • Fitness Facility
    • Lobby Lounge & Bar

  • Unique high-end restaurant experiences

    High-end: Asian Concept

    • ~10,300 SF of front of house
    • ~196-person seating capacity
    • Two-story restaurant with a “Samurai Garden”
    • Balcony terrace and private dining room

     

    High-end: Coastal Italian Concept

    • ~8,200 SF of front of house
    • ~180-person seating capacity
    • Dessert room and private dining flex space
    • Outdoor terrace overlooking Miami River

     

    Three-meal: French Bistro Concept

    • ~2,025 SF of “front of house” space
    • ~80-person seating capacity
    • Marra Forina brick pizza oven

  • Signature Entertainment Venues

    Nightclub

    • ~23,000 SF multilevel venue
    • Top-tier service and cutting-edge sound & entertainment systems
    • Performances by a curated list of renowned DJs

     

    Day Club

    • ~14,000 SF with 8 plunge pools
    • 13 luxurious private cabanas with private bathrooms
    • State-of-the-art sound & lighting system
    • Live DJ booth for dynamic entertainment

     

    Wharf Food & Beverage Venue

    • Nautical-themed F&B venue
    • ~33,000 SF along the riverfront
    • Two outdoor bars
    • Elevated VIP section with a live DJ booth

  • State-of-the-art meeting & event space

    • ~18,000 SF including 3K of balcony
    • Full-service kitchen
    • Outdoor pre-function terrace overlooking
    • Miami River

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

Strong market fundamentals & demand drivers

Supported by global connectivity, cultural tourism, and year-round events, Miami remains a key gateway for both leisure and business activity. Anchors such as PortMiami, Miami International Airport, and a vibrant urban core support its role as a destination for business, leisure, and lifestyle-focused hospitality.

  • Downtown and Brickell outperformed suburban submarkets in 2024 and are expected to continue growing through 2025¹.
  • Florida drew ~143M visitors in 2024, including a record 27.2M to Miami-Dade County².
  • Miami International Airport served ~57M passengers in 2024, ranking among the 10 busiest U.S. airports³.
  • Ranked the #2 U.S. housing market in 2024, driven by population growth and investor demand⁴.
  • Miami MSA GDP reached ~$533.7B in 2023, outpacing national growth for the second year in a row⁵.
  • Named the #2 most attractive U.S. hotel investment market for 2025, after New York City⁶.
  • Maintains resilient pricing power and sustained demand in luxury and lifestyle hospitality segments⁶.
  • PortMiami saw a record 8.2M cruise passengers in FY 2024, boosting demand for nearby hotels⁷.
  • RevPAR reached $165.71 in 2024, up 3.3% YoY, driven by gains in occupancy and ADR⁸.
  • Luxury and upper-upscale hotels posted ADR of $342.55 and RevPAR of $244.37—among the nation’s highest⁸.
  • Group bookings drove nearly 5% RevPAR growth in 2024, fueled by events like Art Basel and Rolling Loud⁸.
  • In Q4 2024, Class A office rents reached $61.90/SF (+6.5% YoY), signaling continued commercial demand⁹.

1. CBRE, “CBRE Hotels Forecasts Steady 2025 Growth in South Florida as Urban Locations Continue to Outperform ”; 2. Visit Florida “Florida visitor estimates and travel industry trend indicators (Feb. 2025); 3. Miami International Airport, 2024 traffic report; 4. Miami Realtors, “Miami MSA Ranked No. 2 Top Housing Market in the U.S. for 2025; 5. U.S. Bureau of Economic Analysis; 6. CBRE, “U.S. Hotel Investor Intentions Survey 2025”; 7. Miami - FL USA Hospitality Market Report, CoStar / Driftwood Capital, April 2025; 8. Miami - FL USA Hospitality Market Report, CoStar / Driftwood Capital, April 2025 ; 9. Colliers, “Miami-Dade County Office 24Q4 report.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

Investment rationale

Efficient land structure

The Project’s mix of fee simple ownership and a long-term City of Miami land lease results in a blended land basis of approximately $9M per acre—roughly 60% below the area’s average land sale price of $28M per acre (STR, Nov. 2023).

Favorable long-term ground lease

The Project was awarded an 80-year ground lease from the City of Miami, with two optional 10-year extensions— which Driftwood believes provides long-term stability, control, and favorable lease terms.

Parking cost efficiency

By utilizing off-site parking, the Project is expected to save approximately $9.5M in construction costs while still capturing valet revenue on-site.

Entertainment experience and proof of concept

The Wharf concept has demonstrated success on the current site. Since its 2017 inception, consistently earning over $20M annually, without permanent structures. The Sponsor anticipates the fully developed new Wharf will yield comparable or higher revenue. More details on The Wharf are available here.

Fully entitled project in a high barrier to entry market

Following a 13-year effort to assemble land, secure zoning, and obtain entitlements, the Project is now shovel-ready—an achievement the Sponsors believe helps mitigate entitlement risk. Positioned along the Miami River with approved density and zoning, the site is viewed by the Sponsors as difficult to replicate. A $125M loan term sheet has been secured from a national bank, with lender due diligence currently in progress.

Entertainment-driven income with structured cash flow potential

Key elements such as the nightclub, day club, and The Wharf are expected to be structured with lease and profit-sharing arrangements, which the Sponsors believe may offer a combination of stable, lease-backed income and operational upside. In Year 1, approximately 49% of targeted* NOI is anticipated to come from these entertainment venues, supporting hotel ramp-up. Additional potential ancillary income streams include social memberships, valet parking, and revenue from a riverfront marina with boat valet and short-term dockage.

Unique zoning advantage with extended operating hours

Following a 13-year effort to assemble land, secure zoning, and obtain entitlements, the Project is now shovel-ready—an achievement the Sponsors believe helps mitigate entitlement risk. Positioned along the Miami River with approved density and zoning, the site is viewed by the Sponsors as difficult to replicate. A $125M loan term sheet has been secured from a national bank, with lender due diligence currently in progress. The Project’s Special Use Zoning allows liquor service until 5 AM and early openings for the hotel’s bistro, supporting 24/7 operations across its entertainment and F&B venues. The Sponsors anticipate this extended operating window, combined with limited nearby competition and the ongoing Miami Beach moratorium, provides a distinct competitive edge and may enhance revenue potential.

Irreplaceable riverfront location

Strategically located on the Miami River in Downtown Miami and linked to the Riverwalk, the Sponsors believe the Project boasts an ideal setting. Upon completion, it is expected to be the sole hotel in its competitive set situated directly on the Miami River. The Sponsors expect this unique positioning will provide a competitive edge by potentially increasing the hotel’s demand, offering enhanced accessibility, scenic views, and superior amenities.

Nothing herein constitutes an offering of securities. All information provided is for informational purposes only and should not be deemed as advice in relation to legal, taxation, financial or investment matters. The descriptions of the project listed herein is summary in nature and does not include all of the relevant and potential high degree of risks. Anyone considering an investment must read and review in its entirety the private placement memorandum, subscription agreement and the operating agreement of the investment entity (collectively the “Offering Documents”), which describe the terms and risks of investment in detail. Any terms in this document that conflict with the Offering Documents shall be superseded by the terms of the Offering Documents. Any person considering an investment should be aware of all the risks and should consult their own investment, legal, business, tax and financial advisors to determine the merits and risks of such an investments. No representations or warranties whatsoever are made by Driftwood Capital, LLC or any other person or entity as to the future profitability of investment outcomes or the results of making an investment.

Experts Discussing the Strength of Market & Barriers to Entry

Lisa Sexton

Senior Vice President, Development Hospitality Expertise for Marriott International

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Dale Ketcham

VP of Government & External Affairs for Space Florida

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Wayne Justice

Commissioner, Secretary/Treasurer of Canaveral Port Authority

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Ben Malik

Former Mayor of Cocoa Beach

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Keith Capizzi

Mayor of Cocoa Beach

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Rita Pritchett

Brevard County Commissioner for District 1 & Chairwoman for the Tourism Board of the County

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