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Carey Watermark REITs merge to create $4.6b hotel entity
Transactions - OCTOBER 23, 2019

Carey Watermark REITs merge to create $4.6b hotel entity

by Andrea Zander

Carey Watermark Investors 1 Incorporated and Carey Watermark Investors 2 Incorporated have merged together to create $4.6 billion lodging REIT Watermark Lodging Trust.

The transaction is expected to close in the first quarter of 2020.

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