In 2015, Carey Watermark Investors and Carey Watermark Investors 2 purchased The Ritz-Carlton Key Biscayne, Miami in a joint venture with the original developer, Gencom Group. In the video above, CWI 2 CEO, Michael Medzigian, guides you on an aerial tour of this expansive property.
Carey Watermark Investors Incorporated and Carey Watermark Investors 2 Incorporated purchased The Ritz Carlton Key Biscayne, Miami in a joint venture with the hotel’s original developer, the Gencom Group. Carey Watermark Investors 2 Incorporated’s ownership percentage is approximately 19%. Investors in Carey Watermark Investors 2 Incorporated will not be acquiring an interest in Carey Watermark Investors Incorporated or the Gencom Group.
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