Los Angeles – Paul Hastings LLP, a leading global law firm, represented Carey Watermark Investors Incorporated (CWI 1) and Carey Watermark Investors 2 Incorporated (CWI 2) in their acquisition of the oceanfront Bacara Resort & Spa, one of a limited number of luxury oceanfront resorts on the California coast. The hotel was rebranded as a Ritz-Carlton resort upon acquisition.
CWI 1 and CWI 2 are non-traded real estate investment trusts (REITs) that were formed to make investments primarily in the lodging and lodging-related sectors. Paul Hastings has advised on all CWI 1 and CWI 2 acquisitions since inception, including the acquisition of the Charlotte Marriott City Center and the acquisition of The Ritz-Carlton, San Francisco over the prior year.
The Paul Hastings team was led by Real Estate partners Derek Roth, Lauren Giovannone, Mitch Menzer and Rick Kirkbride, with associates Myles Blau and Erica von Pechmann.
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