Woodbine Development Corporation

Overview

Woodbine Development Corporation is a full-service real estate company with over 40 years of experience in development, investment, and asset management. The company specializes in hotels, resorts, and mixed-use developments throughout the United States. Since 1973, Woodbine has been involved in more than $7 billion in commercial real estate projects, including the development, ownership, and/or asset management of over 7,000 hotel rooms. Their portfolio features major hospitality brands and independent hotels alike. Woodbine's capabilities aren't defined by a project's size or scope. They have the resources and knowledge to handle any development project, from destination resorts to mixed-use spaces to boutique hotel properties. Their core competency is developing large-scale destination resorts throughout the Southwestern United States, with six destination resort hotels and over 3,000 keys developed since 1992. They've also diversified their focus to include urban infill, mixed-use, and full-service assets throughout the country, with recent development projects in Dallas, Phoenix, and Washington D.C. In 2008, Woodbine ventured into select-service development through a preferred developer partnership with Hyatt Hotels Corporation and multiple flags within major brands. Since then, their select-service platform has grown faster than any other segment of their business. The growth includes development of twelve select-service hotels totaling over 3,000 keys. Their diversified brand offerings include valuable partnerships with AC Hotels and USAA. Throughout Woodbine's history, new construction projects have been their investors' primary focus. However, in 2012, they made their first acquisition in over 20 years—a distressed yet historic hotel in the Pacific Northwest. After renovations and repositioning, it was sold three years later and has inspired a new investment strategy for Woodbine. This strategy includes an investment fund to acquire assets in major U.S. markets, including multiple boutique and lifestyle repositioning projects. Woodbine's asset management team can help you make the most of your investment through careful ROI analysis, business planning, and budget review. Their role as an owner's representative at every stage of asset acquisition and management gives those they work with the trust and support they expect from a real estate partner. They don't just build buildings; they create places where people want to be.

Investment Focus

• Long-term hold
• Lower-risk
• Conservatively leveraged
• Full-service and select-service hotel assets in high-barrier-to-entry markets

Portfolio Companies