Carey Watermark Investors Acquires Sawgrass Marriott Golf Resort & Spa

PONTE VEDRA BEACH, FL—Carey Watermark Investors Incorporated (CWI) has acquired, from an affiliate of Goldman Sachs and Petra Capital Management, the Sawgrass Marriott Golf Resort & Spa, a 511-unit golf resort & spa here.

Michael G. Medzigian, CEO of CWI, said, “Given our ability to purchase the property at an attractive price, the recent renovations and our planned improvements over the next five years, we believe this investment is an excellent addition to our portfolio that will benefit our investors.” 

The property includes 511 keys, including both traditional guestrooms located in a seven-story tower and rooms located in 81 resort villas with golf course and water views.