| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
142 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
625 |
| Net Income (TTM) (Millions $) |
-14 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
43 |
Business Description
Carey Watermark Investors Inc. is a publicly-traded real estate investment trust (REIT) that focuses on acquiring and investing in high-quality commercial real estate assets in the hospitality sector. The company was formed in 2010 and has its headquarters in New York City. Carey Watermark Investors Inc. is the sponsor of Carey Watermark Investors 2, which is also a REIT.
Carey Watermark Investors Inc. invests in a range of hospitality properties, including full-service hotels, select-service hotels, resorts, and conference centers. The company's investments are primarily in the United States, but it also has some assets located in the Caribbean and other international destinations. Carey Watermark Investors Inc. has a diversified portfolio of real estate assets that includes a range of brands and operators, such as Hilton, Marriott, Hyatt, and InterContinental.
The REIT's investment strategy is to acquire assets located in key gateway markets that offer the potential for long-term growth and strong cash flow. Carey Watermark Investors Inc. has a disciplined approach to underwriting, and it leverages the expertise of its asset management team to add value to its holdings through renovations, repositioning, and active asset management.
The company's board of directors is composed of experienced professionals with backgrounds in real estate, hospitality, finance, and law. Its executive management team has significant experience in investment management, hospitality operations, and real estate development. Carey Watermark Investors Inc. has a strong focus on corporate governance and aligning the interests of its executive team with those of its shareholders.
In terms of financial performance, Carey Watermark Investors Inc. has a strong track record of delivering attractive returns to its investors. The REIT targets a total return of 10% to 15% per year, which is comprised of dividends and capital appreciation. As of December 31, 2020, Carey Watermark Investors Inc. had total assets of approximately $2.5 billion and a portfolio of 22 properties.
Overall, Carey Watermark Investors Inc. is a well-respected player in the hospitality real estate market with a strong track record of delivering value to its investors. The company's disciplined investment approach, experienced management team and focus on corporate governance make it an attractive investment opportunity for those interested in the hospitality sector.
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