Bacara Resort & Spa in Santa Barbara, California Acquired by Carey Watermark Investors and Carey Watermark Investors 2

Carey Watermark Investors | October 2, 2017

NEW YORK, Oct. 2, 2017-- Carey Watermark Investors Incorporated (CWI 1) and Carey Watermark Investors 2 Incorporated (CWI 2), two non-traded real estate investment trusts (REITs) that invest in lodging and lodging-related properties, announced that they have acquired Bacara Resort & Spa. Strategically located on 78 oceanfront acres in close proximity to Santa Barbara and the Santa Ynez Valley wineries, the irreplaceable 358-key resort is one of a limited number of luxury oceanfront resorts on the California coast. Key Facts Extensively renovated, luxury oceanfront resort: The property recently completed a four year renovation tota...