Carey Watermark Investors 2 Acquires the 372-room San Diego Marriott La Jolla

Carey Watermark Investors 2 | July 25, 2016

NEW YORK, July 25, 2016 -- Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired San Diego Marriott La Jolla. The hotel includes 372 guestrooms and is located in La Jolla, one of San Diego's strongest and most affluent submarkets. Key Facts Renovated, high-quality asset: A total of $21 million of capital improvements have taken place since 2011, including a $17 million comprehensive renovation completed in 2013. During the renovation, all guestrooms received a full soft and case good replaceme...