HOSPITALITY PROJECT ADVISORS - Key Persons
Job Titles:
- CEO
- President
- Principal
- Principal and President of Hospitality Project Advisors, Driftwood Hospitality Management
David Buddemeyer, Principal and President of Hospitality Project Advisors, Driftwood Hospitality Management, LLC and a senior officer of Driftwood Capital, is a hospitality veteran who has successfully facilitated the financial turnaround and growth of several multidimensional hotel companies. Before launching Driftwood, Mr. Buddemeyer served as Chairman and CEO of Servico Hotels and Resorts, a NYSE hotel company. During his eight-year tenure as the company's Executive Vice President, which began in 1990, he was responsible for all facets of Servico's operations. Under Mr. Buddemeyer's leadership, the company grew from 28 hotels to 140 hotels and from $42M to $650M in sales, with EBITDA growing at a compound annual rate of 41%, from $16M to $280M. In December 1998, Servico merged with another hotel company, bringing the organization's portfolio to 180 hotels and more than 30,000 rooms. Upon the successful completion of this merger, Mr. Buddemeyer - along with several of his executive team members - left to launch Driftwood Hospitality Management, LLC. Prior to Servico, Mr. Buddemeyer served as Vice President of Operations for Prime Hospitality.
Job Titles:
- President
- Vice President of Design
Edward Nystrom works as a Vice President of Design, Construction & Project Management at Driftwood Hospitality Management and has been with the company for over a decade. Before Driftwood, Mr. Nystrom served as Director of Project Management at Jonathan Nehmer and Associates. He has a strong background in managing and directing design, procurement and construction operations, skills that developed early on as he worked in his family's construction business during his college years. Mr. Nystrom started his own general contracting company after college and found his sweet spot in hotel renovation. He enjoys the fast pace, complex coordination, ns docus on meeting his client's needs, traits he found in common with the hospitality industry.
Job Titles:
- Purchasing Manager
- Purchasing Manager at Driftwood Hospitality Management
Lori Hoffman is the Purchasing Manager at Driftwood Hospitality Management and has been with the company for seven years. She began her purchasing career as Project Coordinator of Construction and Design at Claire's Stores. Within a year, Mrs. Hoffman was handling all procurement for their 2000+ stores. She stayed with the company for 17 years, helping to purchase over 3,400 stores in 37 countries before she switched industries. She began her hospitality career as a project coordinator at a construction company where she assisted with the remodel and restoration of a historic Miami Beach hotel. She lives in Palm City, Florida, with her husband of 21 years, Andrew, and their sons, Brendan and Daniel.
Job Titles:
- Director of Procurement at Driftwood Hospitality Management
Tim Coppella is the Director of Procurement at Driftwood Hospitality Management. He possesses a Bachelor of Science degree in organizational management and marketing which has been put to good use . Mr. Coppella began his hospitality career with Hilton Corp., working at the Waldorf-Astoria in New York City. He has also been the Quality Assurance Manager, Project Manager, and Purchasing Manager at Servico Hotels & Resorts, held brief stints at The Parker Company during the dot-com boom in the 1990s and at Carver & Associates as the VP of Operations. In 2006, he started NYLO hotels with other hotelier partners. This venture was ultimately sold in 2015 before Coppella joined the Driftwood team.