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Stock Market & Financial Investment News

News Breaks
May 30, 2014
07:30 EDTWPCCarey Watermark acquires sheraton Austin Hotel
Carey Watermark Investors Incorporated announced that it has acquired the Sheraton Austin Hotel at the Capitol, a 365-room full-service hotel, through a joint venture with JMI Realty. CWI holds an 80% interest in the joint venture and JMI Realty, a private real estate investment and development company based in Austin, TX, holds a 20% ownership interest.
News For WPC From The Last 14 Days
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May 20, 2015
07:33 EDTWPCW.P. Carey to fund development of $85M hotel in Munich, Germany
W. P. Carey's CPA:18 – Global has entered into an agreement to fund the completion of a new upscale lifestyle hotel in Munich, Germany. CPA®:18 – Global will provide approximately $85M to complete the construction of the hotel, which will be leased for a period of 20 years. The hotel will be a full-service 290-room upscale hotel initially funded with $45M at closing, with the remaining development budget disbursed through the successful completion and opening of the hotel in early 2016. The lease commences on opening and includes annual rent escalations.
May 19, 2015
07:33 EDTWPCW.P. Carey acquires majority interest in Ritz-Carlton Philadelphia
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May 18, 2015
07:32 EDTWPCW.P. Carey backs FY15 adjusted FFO $4.76-$5.02
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07:31 EDTWPCW.P. Carey reports Q1 adjusted FFO $1.22
Reports Q1 revenue $204.8M, comprised of net revenue from real estate ownership of $170.5M and net revenue from managed REITs of $34.4M.

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