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Carey Watermark 2

Overview

Carey Watermark Investors 2

Carey Watermark Investors 2 Incorporated (CWI® 2) is a non-traded REIT that was formed to take advantage of investment opportunities in the lodging industry and seeks to provide investors with attractive, risk-adjusted returns and long-term growth in value.

Estimated Net Asset Value – Class A1

$11.11

Annualized Distribution Rate – Class A2

5.86%

Holding Period4

6 Years

Closed to New Investments

July 2017

Estimated Net Asset Value – Class T1

$11.11

Annualized Distribution Rate – Class T3

5.29%

Past performance is not a guarantee of future results.

  1. As of December 31, 2017. For additional information regarding the calculation of the NAV, please refer to the Form 8-K filed by CWI® 2 with the SEC on April 12, 2018.

  2. CWI® 2’s annualized distribution rate for Class A shares is based on a purchase price of $11.93 per share.

  3. CWI® 2’s annualized distribution rate for Class T shares is based on a purchase price of $11.28 per share.

  4. CWI® 2's Board of Directors intends to consider alternatives for providing a liquidity event beginning six years following the termination of the initial public offering, which occurred in 2017.

 

Forms & Materials

Portfolio Snapshot

Access the latest portfolio information, including property updates and diversification information.

Annual Report

Access year-end financial, portfolio and corporate information.

 

Portfolio

Total Assets in Billions $1.644
Number of Rooms 4,424
Number of Properties 12
CWI® 21 U.S. Lodging Industry2
Occupancy3 78.1% 61.6%
ADR4 $238.31 $127.37
RevPAR5 $186.23 $78.46
  • CWI® 21
    Occupancy3 78.1%
    ADR4 $238.31
    RevPAR5 $186.23
  • U.S. Lodging Industry2
    Occupancy3 61.6%
    ADR4 $127.37
    RevPAR5 $78.46

All Carey Watermark Investors 2 portfolio data is as of March 31, 2018.

  1. Represents statistical data for our consolidated hotels during our ownership period (data is for three months ended March 31, 2018).

  2. STR, Inc., April 2018 (data is for three months ended March 31, 2018).

  3. Occupancy is the percentage of rooms sold divided by rooms available.

  4. ADR is room revenue divided by rooms sold, displayed as the average rental rate for a single room.

  5. RevPAR is room revenue divided by available rooms.

  6. Diversification does not ensure market gain or protect against loss in a declining market. Percentages derived from proportionate share of hotel rooms at each property, as financial metrics vary by period, and may not add up to 100% due to rounding.

 

Distribution History

Record Date(s) Distribution Rate Annualized Distribution Rate Payable Date
03/29/18 $0.1410 payable in cash
$0.0339 payable in shares of common stock
5.86% 04/16/18
12/29/17 $0.1410 payable in cash
$0.0339 payable in shares of common stock
5.86% 01/16/18
07/01/17 -09/30/17 $0.0015323 per day in cash
$0.0003687 per day in stock
5.86% 10/16/17
04/13/17 -06/30/17 $0.0015491 per day in cash
$0.0003727 per day in stock
5.86% 07/14/17
Following the announcement of CWI 2’s estimated net asset value per share (NAV) on April 12, 2017, CWI 2 adjusted its purchase price based on the NAV to $11.93 per Class A share. Beginning on April 13, 2017, annualized distribution rates are calculated using the updated purchase price for Class A shares. Annualized distribution rates prior to this are calculated using the purchase price of $11.70 per share.
04/01/17 -04/12/17 $0.0015178 per day in cash
$0.0003727 per day in stock
5.86%1 07/14/17
01/01/17 -03/31/17 $0.0015347 per day in cash
$0.0003688 per day in stock
5.86%1 04/17/17
10/01/16 -12/31/16 $0.0015013 per day in cash
$0.0003608 per day in stock
5.86%1 01/13/17
07/01/16 -09/30/16 $0.0015013 per day in cash
$0.0003608 per day in stock
5.86%1 10/14/16
04/01/16 -06/30/16 $0.0015178 per day in cash
$0.0002892 per day in stock
5.62%1 07/15/16
Following the announcement of CWI 2’s estimated net asset value per share (NAV) in March 2016, CWI 2 adjusted its purchase price based on the NAV to $11.70 per Class A share. Beginning in the second quarter of 2016, annualized distribution rates are calculated using the updated purchase price for Class A shares. Annualized distribution rates prior to this are calculated using the purchase price of $10.00 per share.
01/01/16 -03/31/16 $0.0013736 per day in cash
$0.0002747 per day in stock
6.00%2 04/15/16
10/01/15 -12/31/15 $0.0013586 per day in cash
$0.0002717 per day in stock
6.00%2 01/15/16
07/01/15 -09/30/15 $0.0013586 per day in cash
$0.0002717 per day in stock
6.00%2 10/15/15
05/15/15 -06/30/15 $0.0013736 per day in cash
$0.0002747 per day in stock
6.00%2 07/15/15
Record Date(s) Distribution Rate Annualized Distribution Rate Payable Date
03/29/18 $0.1153 payable in cash
$0.0339 payable in shares of common stock
5.29% 04/16/18
12/29/17 $0.1174 payable in cash
$0.0339 payable in shares of common stock
5.37% 01/16/18
07/01/17 -09/30/17 $0.0012405 per day in cash
$0.0003687 per day in stock
5.25% 10/16/17
04/13/17 -06/30/17 $0.0012541 per day in cash
$0.0003727 per day in stock
5.25% 07/14/17
Following the announcement of CWI 2’s estimated net asset value per share (NAV) on April 12, 2017, CWI 2 adjusted its purchase price based on the NAV to $11.28 per Class T share. Beginning on April 13, 2017, annualized distribution rates are calculated using the updated purchase price for Class T shares. Annualized distribution rates prior to this are calculated using the purchase price of $11.05 per share.
04/01/17 -04/12/17 $0.0012285 per day in cash
$0.0003648 per day in stock
5.25%<sup>1</sup> 07/14/17
01/01/17 -03/31/17 $0.0012422 per day in cash
$0.0003688 per day in stock
5.25%<sup>1</sup> 04/17/17
10/01/16 -12/31/16 $0.0012152 per day in cash
$0.0003608 per day in stock
5.25%<sup>1</sup> 01/13/17
07/01/16 -09/30/16 $0.0012152 per day in cash
$0.0003608 per day in stock
5.25%<sup>1</sup> 10/14/16
04/01/16 -06/30/16 $0.0012285 per day in cash
$0.0002892 per day in stock
5.00%<sup>1</sup> 07/15/16
Following the announcement of CWI 2’s initial estimated net asset value per share (NAV) in March 2016, CWI 2 adjusted its purchase price based on the NAV to $11.05 per Class T share. Beginning in the second quarter of 2016, annualized distribution rates are calculated using the updated purchase price for Class T shares. Annualized distribution rates prior to this are calculated using the original purchase price of $9.45 per share.
01/01/16 -03/31/16 $0.0011291 per day in cash
$0.0002596 per day in stock
5.35%<sup>2</sup> 04/15/16
10/01/15 -12/31/15 $0.0011168 per day in cash
$0.0002567 per day in stock
5.35%<sup>2</sup> 01/15/16
07/01/15 -09/30/15 $0.0011168 per day in cash
$0.0002567 per day in stock
5.35%<sup>2</sup> 10/15/15
05/15/15 -06/30/15 $0.0011291 per day in cash
$0.0002596 per day in stock
5.35%<sup>2</sup> 07/15/15

As of April 2017, CWI® 2’s annualized distribution rates are based on a purchase price of $11.93 per share for Class A shares and $11.28 per share for Class T shares. Past performance is not a guarantee of future results.

  1. Based on a purchase price of $11.70 per share for Class A shares and $11.05 per share for Class T shares.

  2. Based on a purchase price of $10.00 per share for Class A shares and $9.45 per share for Class T shares.

 

Related Pages

Corporate Governance

View CWI® 2’s Management and Board of Directors and access governance and charter documents.

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Press Releases

Access CWI® 2’s press releases.

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SEC Fillings

Access CWI® 2’s SEC Filings.

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Organizational Actions

Access CWI® 2’s distribution filings since inception.

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