carey watermark investors
Carey Watermark Investors Acquires The Equinox, A Luxury Collection Golf Resort & Spa in Vermont
Carey Watermark Investors | February 18, 2016
NEW YORK, Feb. 18, 2016 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired The Equinox Golf Resort & Spa, part of Starwood's The Luxury Collection brand. The expansive, historic resort is located on 1,300 acres between the Green and Taconic Mountains in Manchester, Vermont, and includes 195 guestrooms, 18,500 square feet of flexible meeting and event space, an 18-hole championship golf course, a 13,000-square-foot spa, five food and beverage outlets and a range of unique guest amenities and experiences. Key Facts Newly renovated, historic asset: Originally built in 1796, the resort, which is liste...
Carey Watermark Investors Acquires Remaining Interest in Fairmont Sonoma Mission Inn & Spa
Carey Watermark Investors Incorporated (CWI 1) | February 17, 2016
NEW YORK, Feb. 17, 2016 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired from Fairmont Hotels & Resorts the remaining 25 percent interest in the Fairmont Sonoma Mission Inn & Spa, bringing its ownership of the property to 100 percent. CWI 1 acquired its original 75 percent joint venture interest from Fairmont in July 2013. Fairmont will continue to manage the luxury resort under a long-term management agreement. The 226-room resort is located in idyllic Sonoma Valley in the heart of Northern California's wine country, 15 miles west of Napa and 35 miles north of San Francisco. The hotel was bui...
Carey Watermark Investors Acquires 176-key Le Meridien Dallas, The Stoneleigh in Uptown Dallas, TX
Carey Watermark Investors | November 23, 2015
NEW YORK, Nov. 23, 2015 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired Le Meridien Dallas, The Stoneleigh. The historic hotel includes 176 guestrooms and is located in the chic Uptown Dallas district. Key Facts Newly renovated, historic building: Originally built in 1923, Le Meridien Dallas, The Stoneleigh is an iconic, AAA Four Diamond Art Deco hotel that is listed on the National Register of Historic Places. The hotel underwent an extensive $36 million renovation in 2008, which fully repurposed and repositioned the property as an upper-upscale lodging facility. Since 2008, $4.5 million has been spen...
Carey Watermark Investors Purchases The Ritz-Carlton, Fort Lauderdale Property in Joint Venture
Carey Watermark Investors | July 1, 2015
NEW YORK, July 1, 2015 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired a majority interest in The Ritz-Carlton, Fort Lauderdale property in a joint venture with RCFL Holdco, LLC, an affiliate of Gencom, one of North America's leading hospitality and luxury hospitality-related residential real estate investment and development firms. This transaction marks Carey Watermark Investors' third joint venture purchase with the Gencom family of companies, following The Ritz-Carlton, Philadelphia (CWI 1) and The Ritz-Carlton, Key Biscayne, Miami, (CWI 1 and CWI 2) acquisitions. The three transactions represent a t...
The Ritz-Carlton Philadelphia Acquired by Carey Watermark Investors in Joint Venture
Carey Watermark Investors | May 19, 2015
NEW YORK, May 19, 2015 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia (The Ritz-Carlton) in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Key Facts •Historic property in premier Center City, Philadelphia location: Originally built between 1904 and 1908 as The Girard Trust Company, the rotunda and adjacent eight-story tower of The Ritz-Carlton Philadelphia were designed by McKim Mead and White; the adjoining tower was added in 1923. The building was expanded from 8 stories to a height of 30 storie...
Carey Watermark Investors Acquires Hilton Garden Inn and Homewood Suites Midtown Atlanta in Georgia
Carey Watermark Investors | May 1, 2015
NEW YORK, May 1, 2015 -- Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Georgia. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. Key Facts •High quality hotel property: The Hilton Garden Inn and Homewood Suites Midtown Atlanta was built in 2013 to the highest standards of the Hilton brand. The select-service property has features including concrete and steel-framed construction, an interior porte cochere and an above-grade structural parking deck. The du...
Carey Watermark Investors Acquires Westin Pasadena for $142.5 Million
Carey Watermark Investors | March 23, 2015
NEW YORK, March 23, 2015 -- Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, California. The acquisition price was $142.5 million. Key Facts High quality asset: The Westin Pasadena is a Four Diamond AAA-rated hotel located within the Plaza Las Fuentes, a mixed-use complex with a 178,000 square-foot office building and 15,000 square feet of retail space, including two restaurants. The hotel features Spanish architecture highlighted by a dramatic façade, manicured courtyard garden and sculpt...
Carey Watermark Investors Acquires the 214-room Westin Minneapolis in Minnesota for $66.4 Million
Carey Watermark Investors | February 13, 2015
HEI Hotels & Resorts Will Continue to Manage the Hotel NEW YORK, Feb. 13, 2015 -- Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of debt. Key Facts •High quality asset: The Westin Minneapolis, originally constructed as the Farmers & Mechanics Bank building in 1942, is a uniquely designed, high-quality, high-rise hotel in the heart of Minneapolis. The former bank hall was repurposed in 2007 as the hot...
