Michael Medzigian

Carey Watermark Announces $4.6B Merger

The company’s two hospitality REITs will combine through an all-stock deal to form Watermark Lodging Trust.

CWI Lands Charlotte Marriott City Center

The REIT acquired the hotel following a $40 million renovation process completed in 2016. The building is now dubbed “The Beta Hotel” due to its ultra-modern features.