July 26, 2016
Carey Watermark Investors 2 Incorporated Announces Acquisition of San Diego Marriott
    Carey Watermark Investors 2 Incorporated Announces Acquisition of San Diego Marriott Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT), has announced its …

Read more

 

 


Carey Watermark Investors 2 Incorporated Announces Acquisition of San Diego Marriott

San Diego Marriott La Jolla (credit Mariott)

Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT), has announced its acquisition of the San Diego Marriott in La Jolla, California. The renovated asset, updated three years ago, is located within the Golden Triangle just north of downtown San Diego and minutes from La Jolla and the Pacific Ocean. The 14-story building has 372 guestrooms and 24,000 square feet of meeting and event space.

The hotel’s strategic location places guests within convenient reach of popular leisure attractions, leading corporations and professional firms, and top research institutions, such as the University of California at San Diego. Located in the University Towne Centre (UTC) development, the hotel is surrounded by over four million square feet of Class A office space and enjoys direct access via a sky bridge to the upscale Westfield UTC mall anchored by tenants including Nordstrom and Macy’s.

Carey Watermark Investors 2 is focused on investing in lodging and lodging-related properties. The San Diego Marriott joins other recent acquisitions – the San Jose Marriott and the Le Meridien Arlington – as part of the REIT’s growing portfolio. According to its website, it is still a blind pool offering, has not generated any net income, and has a limited operating history.

Carey Watermark Investors 2 is sponsored by W.P. Carey, learn more here.

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now