Watermark Lodging Trust, Inc.
WRMK
Other OTC5.00
USD
- -
- -
Watermark Lodging Trust, Inc.
WRMK
(Other OTC)
Recent
price
5.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Watermark Lodging Trust, Inc. operates as a self-managed non-traded real estate investment trust specializing in high-quality lodging assets. The company’s core portfolio consists of 25 luxury and upper upscale hotel and resort properties totaling over 8,100 rooms located primarily in drive-to leisure destinations and gateway urban cities across 14 U.S. states, with significant concentration in the Sun Belt region. Watermark’s offerings include hospitality real estate investments focused on premium branded hotels and resorts under various major brands such as Marriott, Hyatt, IHG, and others, primarily catering to leisure and business travelers. The company also provides asset management and strategic advisory services to optimize hotel performance and value. Founded in 2014 and headquartered in Chicago, Illinois, Watermark Lodging Trust targets both individual and institutional investors, leveraging its expertise in acquiring, managing, and repositioning upscale lodging assets. The Trust’s investments include full-service hotels, resorts, and focused-service properties operated under well-known hospitality brands, and it actively manages these properties to maximize returns within the real estate investment trust structure. A significant recent development is the approval and completion of Watermark Lodging Trust’s acquisition by private real estate funds managed by Brookfield Asset Management in an all-cash transaction valued at approximately $3.8 billion in 2022. This deal, finalized in late 2022, included the assumption of debt and preferred equity and provided liquidity to Watermark’s stockholders. The acquisition by Brookfield, a global asset manager with extensive real estate holdings, positions Watermark’s portfolio for future growth under Brookfield’s management while maintaining the high-quality standards of its lodging assets. This transaction represents a major strategic shift from a publicly registered non-traded REIT to a privately held portfolio under Brookfield’s management. The transaction underscores Watermark’s portfolio strength, which is concentrated in high-barrier coastal destinations, gateway cities, and the Sun Belt, reflecting a strategic focus on regions with strong demand drivers and entry barriers. This geographic and asset quality focus aims to deliver stable cash flows and capital appreciation through premium hospitality investments. The company’s affiliation with Brookfield enhances its operational capacity and financial backing in the hospitality real estate sector.