![]() Working with Gencom, we were able to recapitalize the asset to allow for ongoing renovations and secure attractive current risk adjusted returns, with the potential for longer term incremental value. Management Commentary Michael Medzigian, Chief Executive Officer of the Carey Watermark Investors investment programs: “The joint venture investment in The Ritz-Carlton Key Biscayne property allowed us to add an AAA Four Diamond destination resort in a location with high barriers to entry to the CWI 1 and CWI 2 portfolios.
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