On April 13, 2020, CWI® 1 and CWI® 2 merged to create Watermark Lodging Trust (“WLT”), an internally-managed non-traded REIT with increased scale and operating efficiencies. WLT is a premier lodging REIT with a portfolio of high-quality lodging assets led by an internal management team with a distinctive record of stockholder value creation. WLT was formed to take advantage of current and future opportunities in the lodging industry and seeks to provide investors with attractive, risk adjusted returns and long-term growth in value.
Estimated Net Asset Value – Class A1
$5.51
Annualized Distribution Rate – Class A2
Temporarily Suspended
Estimated Net Asset Value – Class T1
$5.45
Annualized Distribution Rate – Class T2
Temporarily Suspended
As of September 30, 2020. For additional information regarding the calculation of the NAV, please refer to the Form 8-K filed by WLT with the SEC on November 19, 2020.
On March 18, 2020 Watermark Lodging Trust (formerly CWI® 2) announced that it temporarily suspended distributions due to the reduced travel demand and related financial impact resulting from the global novel coronavirus (COVID-19) pandemic. For more information regarding the impact of COVID-19, please see our investor communications.
For a full portfolio listing, please access the Portfolio Snapshot.
Number of Properties | 31 |
Number of Rooms | 9,614 |
WLT1 | U.S. Lodging Industry2 | |
---|---|---|
Occupancy3 | 27.8% | 48.0% |
ADR4 | $217.81 | $101.25 |
RevPAR5 | $60.65 | $48.58 |
WLT1 | |
---|---|
Occupancy3 | 27.8% |
ADR4 | $217.81 |
RevPAR5 | $60.65 |
U.S. Lodging Industry2 | |
---|---|
Occupancy3 | 48.0% |
ADR4 | $101.25 |
RevPAR5 | $48.58 |
Occupancy3 | |
ADR4 | |
RevPAR5 |
Statistical data is for our consolidated hotels for the three month period ended September 30, 2020; adjusted for hotel closures.
Industry data is for the three month period ended September 30, 2020, published by STR, Inc. in October 2020.
Occupancy is the percentage of rooms sold divided by rooms available.
ADR (Average Daily Rate) is room revenue divided by rooms sold, displayed as the average rental rate for a single room.
RevPAR (Revenue Per Available Room) is room revenue divided by available rooms.
Diversification does not ensure market gain or protect against loss. Percentages derived from proportionate share of hotel rooms at each property, as financial metrics vary by period. Numbers may not add up to 100% due to rounding.
"Other" includes properties in Louisiana, Minnesota, Vermont, Virginia, and Tennessee.
“Other” includes Accor – Fairmont and Intercontinental.
Based on a purchase price of $11.70 per share for Class A shares and $11.05 per share for Class T shares.
Based on a purchase price of $10.00 per share for Class A shares and $9.45 per share for Class T shares.