BAF Real Estate Ventures LLC

Discounted hotel assets, repositioned for institutional return.

We acquire undervalued hotel properties, execute efficient value-add renovations, and return equity to partners within a defined, under-three-year horizon.

Unlevered IRR

14–20%

Equity Return

< 3yrs

Renovation Speed

2×faster

Portfolio

(a) Assets

Sheraton North Houston Airport

Asset 01

Houston, TX · value-add FF&E renovation

Hyatt Studios Marysville

Asset 02

Marysville, WA · ground-up efficient development

The Value Proposition

(b) Differentiators

01 · Speed & Cost

50% faster

30% cheaper renovations

A disciplined delivery system compresses construction timelines and material cost across every asset.

02 · Capital Efficiency

30–40% less

equity required — creative financing & value engineering

Driven by creative financing such as PACE and FF&E financing via preferred equity, plus a lesser capital need from efficient sourcing, design value engineering and technology-driven procurement.

03 · Return Profile

14–20%

unlevered IRR

Equity returned in under three years through a defined value-add, refinance and exit horizon.

04 · Tax Shield

Tax-shielded

returns

Pass-through accelerated depreciation is delivered directly to investors, improving after-tax cash yields.

Partners

(c) Leadership

David Buddemeyer

Co-Founder · Driftwood Hospitality

David has spent more than three decades acquiring, repositioning and operating hotels across every major brand system. He founded Driftwood Hospitality Management in 1999 with Lehman Brothers as anchor investor, later leading the buyout of that interest and building the firm into one of the country's largest independent operators, with a national portfolio and roughly a billion dollars in annual revenue under management. Before Driftwood he served as CEO of Servico Hotels & Resorts, then a publicly traded owner-operator of a nationwide hotel portfolio.

He went on to co-found Driftwood Acquisitions & Development, a private equity platform for accredited investors, which became Driftwood Capital. Across that career he has transacted on more than 100 hotels — underwriting, financing, brand negotiation, PIP scoping and turnaround operations — and brings that acquisition and asset-management discipline to every BAF investment.

Transactions: 100+
Focus: Acquisitions & Operations

Ankur Agrawal

Founder · Inhabitr

Ankur founded Inhabitr in 2018, the world's first AI-powered, end-to-end furnishing and FF&E platform for commercial real estate — covering design, sourcing, procurement, manufacturing, delivery, installation and financing in a single pipeline. Inhabitr's AI-driven design tools, competitive bidding engine and IoT-tracked logistics run on a global network of offices, factories and warehouses, which is how BAF compresses PIP timelines and strips cost out of renovation budgets.

A former McKinsey partner who led product design and global digital transformations, and a P&G alum trained as an engineer in Germany, Ankur brings the design, technology and supply-chain sourcing discipline behind BAF's faster, cheaper renovation execution and its access to alternative FF&E capital.

Platform: Inhabitr
Focus: Renovation, Design & Sourcing