Forms & Materials | Contact Us About CWI Why Lodging? Investor Relations Advisor Resources Portfolio Home> About CWI > CWI Timeline Overview CWI Timeline The CWI Team Management Board of Directors Download the CWI Timeline (PDF) CWI Timeline Download the CWI Timeline Brochure (PDF) Net Operating Income (NOI): Income after deducting operating expenses but before mortgage payments and capital expenditures Occupancy Rate (%): Number of rooms sold divided by rooms available Average Daily Rate (ADR): Room revenue divided by rooms sold, displayed as the average rental rate for a single room REVPAR: Room revenue divided by available rooms CWI has 100% ownership interest in all of the properties depicted unless otherwise noted. Sources: Jones Lang Lasalle Hotels, PwC Hospitality Directions, PFK Hospitality Research Past performance is not a guarantee of future results. Copyright © W. P. Carey Inc. All Rights Reserved. Contact Us | Privacy Policy | Sitemap | Risk Factors This website is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only the prospectus makes such an offer. The use of this material is authorized only when it is accompanied or preceded by a Carey Watermark Investors prospectus. This website must be read in conjunction with the prospectus in order to understand fully all of the implications and risk of the offering of securities to which it relates. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the SEC, the Attorney-General of the State of New York nor any other State regulators have passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. There is no guarantee that we will meet our stated investment objectives. Securities are offered through Carey Financial, LLC as Dealer Manager. YOU MUST FIRST RECEIVE A COPY OF THE PROSPECTUS This website does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein. Only the prospectus makes such an offer. The use of this material is authorized only when it is accompanied by, and should be read in conjunction with, a Carey Watermark Investors prospectus, which more fully explains the risks and implications of an investment in Carey Watermark Investors. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither Securities and Exchange Commission, the Attorney General of the State of New York, nor any state securities regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. If you have not previously reviewed the Carey Watermark Investors prospectus, please click on the below link labeled "Prospectus & Supplements." Carey Financial, LLC, Member FINRA/SIPC, a wholly owned subsidiary of W. P. Carey Inc., is the dealer manager for Carey Watermark Investors. Prospectus & Supplements Ohio Residents, click here This file requires Adobe Acrobat Reader. To download Adobe Acrobat Reader, click here. Continue to Carey Watermark Investors