Carey Watermark Investors & Carey Watermark Investors 2 Acquire Bacara Resort & Spa
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.
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