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%
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.
CWI® 2’s annualized distribution rate for Class A shares is based on a purchase price of $11.93 per share.
CWI® 2’s annualized distribution rate for Class T shares is based on a purchase price of $11.28 per share.
CWI® 2's Board of Directors is beginning the process of evaluating strategic alternatives, including a combination with CWI® 1, and intends to form a special committee of independent directors to undertake the evaluation. There can be no assurance as to the form or timing of any transaction or that a transaction will be pursued at all. We do not intend to discuss the evaluation process unless and until the board completes its evaluation.
Carey Watermark CEO, Michael Medzigian, discusses acquisition of The Ritz-Carlton Bacara at the 2018 NYU International Hospitality Investment Conference.
Total Assets in Billions | $1.627 |
Number of Rooms | 4,424 |
Number of Properties | 12 |
CWI® 21 | U.S. Lodging Industry2 | |
---|---|---|
Occupancy3 | 80.5% | 71.0% |
ADR4 | $235.75 | $131.86 |
RevPAR5 | $189.70 | $93.65 |
CWI® 21 | |
---|---|
Occupancy3 | 80.5% |
ADR4 | $235.75 |
RevPAR5 | $189.70 |
U.S. Lodging Industry2 | |
---|---|
Occupancy3 | 71.0% |
ADR4 | $131.86 |
RevPAR5 | $93.65 |
Represents statistical data for our consolidated hotels during our ownership period (data is for three months ended September 30, 2018).
STR, Inc., October 2018 (data is for three months ended September 30, 2018).
Occupancy is the percentage of rooms sold divided by rooms available.
ADR is room revenue divided by rooms sold, displayed as the average rental rate for a single room.
RevPAR is room revenue divided by available rooms.
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.
Based on a purchase price of $11.70 per share for Class A shares and $11.05 per share for Class T shares.
Based on a purchase price of $10.00 per share for Class A shares and $9.45 per share for Class T shares.