Driftwood Capital (Driftwood), a vertically integrated commercial real estate firm providing superior risk-adjusted returns in hospitality, is pleased to announce it has broken ground on the Element by Westin®, a new 130-key extended-stay hotel located on prime oceanfront property in Melbourne, Fla., one of the beach towns along Florida's popular "Space Coast." The property is being built on the 2.56-acre site of a former parking lot located at 2605 N. Highway A1A in Melbourne, Fla., adjacent to The Crowne Plaza Melbourne, another property owned and operated by Driftwood Capital. It is the first Marriott-branded hotel in Melbourne Beach.
An official groundbreaking ceremony was held on Wednesday at 2 p.m. on the site, with complimentary food and beverage provided by the Crowne Plaza hotel. Speakers included Driftwood CEO Carlos Rodriguez Sr., Brevard County Commissioner Curt Smith, City of Melbourne Council Member Mark LaRusso, Victor Garcia, Senior Design Manager, Global Design Americas at Marriott International, and Juan Mendiola, Senior Vice President of Ocean Bank, which provided construction financing for the hotel.
Construction and operation of the hotel will create approximately 200 new jobs.
In Brevard County, Driftwood also owns the Hilton Cocoa Beach and the International Palms Resort and Conference Center in Cocoa Beach, which will soon be replaced with a new, 4.5-star, $388 million Westin resort and convention center.
When complete in 2024, the six-story, 105,000-square-foot extended-stay hotel—which will be known as Element Melbourne Beach—will boast 130 spacious guestrooms featuring a contemporary design paired with modern amenities and a focus on wellness. Guestrooms at the property will feature in-room kitchens with full-size refrigerators, electric two-burner cooktops, microwaves, dishwashers and sinks; and spa-inspired bathrooms with refreshing rain showers and eco-friendly product dispensers.
Wellness-focused amenities at Element Melbourne Beach will include an all-natural saline swimming pool; a spacious 24/7 Motion Fitness Center; vehicle charging stations; Element bicycles designed by Priority Bicycles for guest to explore the area; and expansive pool deck over looking the Atlantic with locally curated food and beverage offerings. The property will also boast 24/7 on-site laundry and approximately 175 parking spaces.
The project will target a Green Key Certification for sustainable design, construction and operation.
The Element Melbourne will be the eighth Element hotel in Florida; the brand has more than 75 locations nationwide. Driftwood Development will manage the project. Bermello, Ajamil & Partners Inc. is the project's architect of record and Certified General Contractors is the builder. Beyer Brown is the procurement agent, Ingenuity Engineers will design mechanical, electrical and plumbing, and Kimley Horn is the civil designer. Driftwood Hospitality Management will operate the property.