Welcome to Carey Watermark Investors

Welcome to Carey Watermark Investors

CWI is a non-traded REIT that strives to create value in the lodging industry. CWI seeks to provide investors with:

  • Attractive, risk-adjusted returns, meaning returns that are attractive in light of the risk involved in generating the returns
  • Long-term growth in value

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CWI-OpportunityinLodging

Opportunity in the Lodging Industry

CWI believes the industry conditions below will offer attractive opportunities:

  • Limited availability of capital and increased transaction volume
  • Strengthening demand that outpaces supply
  • Improving lodging fundamentals

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Sawgrass Marriott Golf Resort & Spa - October 2014

CWI's Latest Acquisition

We acquired the Sawgrass Marriott Golf Resort & Spa, located in Ponte Vedra Beach, Florida, in October 2014.

Click here to view CWI's current property portfolio

Learn more about our latest acquisition

Risk Factors:

This investment contains a high degree of risk, which is detailed in the Risk Factors section of the Carey Watermark Investors Incorporated (CWI) prospectus (OH Residents click here). You should consider all of the risks described in the prospectus before you decide to purchase our securities, including the following:

  • Our advisor and the subadvisor are paid substantial fees based on factors other than the quality of services provided, which may encourage them to use increased leverage or to make riskier investments. Our agreements with our advisor, the subadvisor and Carey Financial, LLC, the dealer manager, are not arm’s length agreements. Payments of fees to our advisor, and distributions to our special general partner, will reduce cash available for investment and distribution.
  • We have not yet identified all of the properties to be acquired with the offering proceeds. We have a limited operating history and no established financing sources.
  • Our shares are illiquid. There is no public market for our shares; a public market is unlikely to ever develop and we are not required ever to provide you with liquidity for your shares. If you have to sell your shares, it will likely be at a discount.
  • We are subject to the risks of operating lodging properties and the lodging industry generally. Failure of lodging industry fundamentals to continue to improve may adversely affect our business strategy.
  • From inception through June 30, 2014, for the year ended December 31, 2013 and for the six months ended June 30, 2014, our cumulative distributions of $47.1 million, $21.8 million and $19.9 million, respectively, were sourced 7%, 8% and 0%, respectively, from Funds From Operations and 93%, 92% and 100%, respectively, from offering proceeds. Future distributions will likely be paid from offering proceeds, borrowings and other sources, without limitation, until we have substantially invested the remaining net proceeds from this and our initial offering, which will reduce amounts available for property acquisitions or require us to repay such borrowings, both of which could reduce your overall return.
  • You will experience substantial dilution in the net tangible book value of your shares equal to your shares’ proportionate share of the costs of the offering.
  • Our failure to qualify as a REIT would adversely affect our operations and ability to make distributions.
  • Shares of our common stock are subject to a 9.8% ownership limitation that is intended, among other purposes, to assist us in complying with restrictions imposed on REITs by the Internal Revenue Code.

 

Not FDIC or NCUA/NCUSIF insured, not bank or credit union guaranteed and may lose value.

 

 

 

This website is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only the prospectus makes such an offer. The use of this material is authorized only when it is accompanied or preceded by a Carey Watermark Investors prospectus. This website must be read in conjunction with the prospectus in order to understand fully all of the implications and risk of the offering of securities to which it relates. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the SEC, the Attorney-General of the State of New York nor any other State regulators have passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. There is no guarantee that we will meet our stated investment objectives. Securities are offered through Carey Financial, LLC as Dealer Manager.

YOU MUST FIRST RECEIVE A
COPY OF THE PROSPECTUS

This website does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein. Only the prospectus makes such an offer. The use of this material is authorized only when it is accompanied by, and should be read in conjunction with, a Carey Watermark Investors prospectus, which more fully explains the risks and implications of an investment in Carey Watermark Investors. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither Securities and Exchange Commission, the Attorney General of the State of New York, nor any state securities regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. If you have not previously reviewed the Carey Watermark Investors prospectus, please click on the below link labeled "Prospectus & Supplements."

Carey Financial, LLC, Member FINRA/SIPC, a wholly owned subsidiary of W. P. Carey Inc., is the dealer manager for Carey Watermark Investors.

Prospectus & Supplements

Ohio Residents, click here

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