To read this full article you need to be subscribed to Newsline. Sign in Sign up for a FREE subscription Share this article Twitter LinkedIn Facebook Twitter LinkedIn Facebook 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.