Keyword: Carey Watermark Investors 2
Should the agreement go through, the combined company would be called Watermark Lodging Trust and have a portfolio of 33 hotels.
The former Bacara Resort & Spa was recently acquired by Carey Watermark Investors and Carey Watermark Investors 2, and completed a multimillion-dollar update.
More than $40 million of capital improvements were completed at the property in 2016.
The 304-room property, which also has a new owner, offers more than 8,500 square feet of meetings and event space.
The 304-room, 21-story hotel is located in Atlanta's midtown district. Davidson Hotels & Resorts, a hotel management company based out of Atlanta, will manage the property.
The new owner is planning a softgoods renovation of the hotel's 304 guestrooms along with improvements to public areas and meeting space.