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Carey Watermark Investors Sells Three Hotels

February 8, 2017

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Carey Watermark Investors Sells Three Hotels

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On February 1, 2017, Carey Watermark Investors Incorporated, or CWI, sold its 100% ownership interests in three non-core assets, the Hampton Inn Frisco Legacy Park in Frisco, Texas, the Hampton Inn Birmingham Colonnade in Birmingham, Alabama and the Hilton Garden Inn Baton Rouge Airport in Baton Rouge, Louisiana, to an unaffiliated third-party for a contractual sales price of $33.0 million and net proceeds of approximately $7.7 million.

The REIT currently owns 31 hotels, including Courtyard, Equinox, Hampton Inn, Hilton Garden, Holiday Inn, Hyatt, Marriott, Ritz Carlton and Westin flags, with over 8,200 rooms, located in 15 states.   

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Click here to learn more about W. P. Carey.

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017
    

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.