Real Estate Investment Trusts (REITs)
Company Overview of Carey Watermark Investors Incorporated
Carey Watermark Investors Incorporated, together with its subsidiaries, operates as a real estate investment trust primarily in the United States. It engages in acquiring, owning, disposing, managing, and seeking interests in lodging and lodging related properties. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Carey Watermark Investors Incorporated was founded in 2008 and is based in New York, New York.
50 Rockefeller Plaza
New York, NY 10020
Founded in 2008
Key Executives for Carey Watermark Investors Incorporated
Chief Executive Officer and Director
Chief Financial Officer and Chief Administrative Officer
Managing Director and Secretary
Compensation as of Fiscal Year 2014.
Carey Watermark Investors Incorporated Key Developments
Carey Watermark Investors Incorporated Announces Executive Changes
Mar 27 15
On March 24, 2015, and effective as of the same date, the board of directors of Carey Watermark Investors Incorporated appointed Mr. Hisham A. Kader as the company's chief financial officer. Upon his appointment, Ms. Catherine D. Rice resigned from her role as chief financial officer of the company. Ms. Rice will remain a managing director of the company. Mr. Kader, age 45, has served as chief accounting officer of the company since March 2012. He has also served as chief financial officer and chief accounting officer of Carey Watermark Investors 2 Incorporated, since February 2015 and May 2014, respectively. Mr. Kader has served as chief accounting officer of W. P. Carey Inc. Before joining WPC in June 2011, Mr. Kader served as a director in the Transaction Services practice at PricewaterhouseCoopers LLP. He joined PwC in 1997 in New York and subsequently spent six years at their offices in Sydney and Brussels, during which time he specialized in advisory services focusing on mergers and acquisitions, capital raising transactions, finance effectiveness and accounting standards conversions.
Carey Watermark Investors Acquires Westin Pasadena Hotel for $142.5 Million
Mar 23 15
Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, California. The acquisition price was $142.5 million. Property and amenities: 350 rooms; 19,000 square feet of interior meeting space; Full-service restaurant and bar; Lobby lounge with Westin-branded 'Haven' business/networking space; Outdoor heated swimming pool and spa; 1,300 square-foot fitness studio.
Carey Watermark Investors Inc. Buys Minneapolis Hotel for $66.4 Million
Feb 13 15
Carey Watermark Investors Inc. has acquired the Westin Minneapolis hotel for USD 66.4 million. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition was financed with USD 43.5 million of debt. The Westin Minneapolis, originally constructed as the Farmers and Mechanics Bank building in 1942, is a uniquely designed, high-quality, high-rise hotel in the heart of Minneapolis. As part of the 2007 redevelopment, the adjoining office building was fully reconfigured to house the hotel's guestrooms and meeting space.
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