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Two Private Investment Firms Come to Watermark Lodging’s Rescue

Preferred Equity Commitment Provides Significant Operational, Financial Flexibility
Private equity firms are providing new capital to Watermark Lodging Trust, which owns several large resorts including Hawks Cay Resort in Duck Key, Florida (CoStar)
Private equity firms are providing new capital to Watermark Lodging Trust, which owns several large resorts including Hawks Cay Resort in Duck Key, Florida (CoStar)
CoStar News
July 27, 2020 | 10:49 P.M.

(Corrected on July 28 to say Ascendant and Oaktree have committed to provide $250 million to purchase additional shares of the Series B preferred stock during over the next 18 months.)

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