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USA Today – Historic Bourbon Street hotel to undergo makeover, become a Hyatt

By Barbara De Lollis, USA TODAY The historic Chateau Bourbon Hotel in New Orleans' French Quarter is getting a major overhaul and by mid-2012 will open as a Hyatt hotel. The hotel's transformation into the "Hyatt French Quarter" hotel. The renovation should be completed by mid-2012, Carey Watermark Investors says in a recent press release. The makeover includes a revamp…

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GlobeSt.com Carey Watermark Lodging IPO Breaks Escrow

By Paul Bubny, GlobeSt.com NEW YORK CITY-Carey Watermark Investors said Thursday it has raised enough to break escrow on its initial public offering, which seeks to raise up to $1 billion for acquisitions in the hospitality sector. A partnership of locally based W.P. Carey and Lake Forest, IL-based Watermark Capital Partners, headquartered here, CWI has now admitted initial investors as…

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HOTELS’ Investment Outlook interviews Michael Medzigian, Carey Watermark Investors Incorporated Q&A

Carey Watermark Investors (CWI) launched in September as a non-traded REIT led by Michael Medzigian, former president and CEO of Lazard Freres Real Estate Investors. Lake Forest, Illinois-based CWI, created by Watermark Capital Partners and W.P. Carey, is poised to acquire up to US$2 billion (US$1 billion in the initial capital raise) in hotel real estate as values reach their…

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Watermark Capital in SNL Financial LLC

By John Yellig Enthusiasm for the hotel business was widespread at The Lodging Conference 2010 in Phoenix thanks to improvements on the operating front, but concerns about the broader economy left some attendees with doubts. "Clearly, demand and occupancy are beginning to rise, and that's good news," Harry Javer, president of the Conference Bureau and one of the conference's founders,…

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