Private company

Watermark Lodging Trust, Inc.

Watermark Lodging Trust, Inc. is an American real estate investment trust, incorporated in Maryland.1 It is headquartered in Chicago, Illinois.1

Last updated Oct 20, 2026.

Overview

$655.9MRevenue, fiscal 20212
-$82.8MNet income, fiscal 20212
  • IndustryReal Estate Investment Trusts1
  • HeadquartersChicago, Illinois1
  • Incorporated inMD3
  • Business address150 N. Riverside Plaza, Chicago, Il 606063
  • Filer categoryNon-accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

14.3%Operating margin2
-12.6%Net margin2
135.0%Revenue growth, 20212
-12.8%Return on equity2
3.05×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs74¢$486.2M
  • Interest25¢$166.2M
  • Income tax1¢$3.6M

Out of $655.9M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Kept or used elsewhere100¢$1.3M

Out of $1.3M of cash from operations.2

Financial statements

Revenue4562$655.9M in 2021+1236% since 2015
0$200.0M$400.0M$600.0M$800.0M2015: $49.1M$49.1M20152016: $177.6M$177.6M2016+262%2017: $340.8M$340.8M2017+92%2018: $362.3M$362.3M2018+6%2019: $367.2M$367.2M2019+1%2020: $279.1M$279.1M2020−24%2021: $655.9M$655.9M2021+135%
Operating income45672$93.8M in 2021
-$400.0M-$200.0M0$200.0M2015: -$9.6M-$9.6M20152016: -$232.0K-$232.0K2016−98%2017: $36.8M$36.8M20172018: $89.5M$89.5M2018+143%2019: $71.8M$71.8M2019−20%2020: -$316.3M-$316.3M20202021: $93.8M$93.8M2021
Net income45672-$82.8M in 2021+560% since 2015
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2015: -$12.5M-$12.5M20152016: -$21.0M-$21.0M2016+68%2017: -$5.5M-$5.5M2017−74%2018: $8.1M$8.1M20182019: -$10.9M-$10.9M20192020: -$350.1M-$350.1M2020+3113%2021: -$82.8M-$82.8M2021−76%
Fiscal year20142015201620172018201920202021
Revenue$49.1M4$177.6M5$340.8M6$362.3M6$367.2M6$279.1M2$655.9M2
Cost of revenue$531.2M7$540.8M7$434.3M7
Operating expenses$670.4M2
Operating income-$9.6M4-$232.0K5$36.8M6$89.5M7$71.8M2-$316.3M2$93.8M2
Interest$4.4M4$17.6M5$35.8M6$66.6M7$65.9M2$125.8M2$166.2M2
Income tax$72.0K4$2.7M5$3.9M6$4.9M7$3.2M2-$7.9M2$3.6M2
Net income-$12.5M4-$21.0M5-$5.5M6$8.1M7-$10.9M2-$350.1M2-$82.8M2

Compare Watermark Lodging Trust, Inc. with another company

What it owns

What Watermark Lodging Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$574.6M2 Dec 31, 2021$627.3M2 Dec 31, 2020−8.4%
Furniture and fixtures$166.3M2 Dec 31, 2021$193.5M2 Dec 31, 2020−14.1%
Construction in progress$26.3M2 Dec 31, 2021$11.8M2 Dec 31, 2020+123.4%
Operating-lease assets (leased space)$43.7M2 Dec 31, 2021$40.7M2 Dec 31, 2020+7.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$2.6B2 Dec 31, 2021$3.0B2 Dec 31, 2020−13.0%
Real estate investments, at cost$3.0B2 Dec 31, 2021$3.3B2 Dec 31, 2020−10.8%
Real estate accumulated depreciation$383.3M2 Dec 31, 2021$356.3M2 Dec 31, 2020+7.6%
Units in real estate properties1,4277 Dec 31, 20208016 Dec 31, 2019+78.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$249.5M2 Dec 31, 2021$160.4M2 Dec 31, 2020+55.6%
Stakes in other companies (equity method)$12.7M2 Dec 31, 2021$18.6M2 Dec 31, 2020−31.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$69.5M2 Dec 31, 2021$72.3M2 Dec 31, 2020−3.9%
Finite-lived intangibles, gross$82.8M2 Dec 31, 2021$83.4M2 Dec 31, 2020−0.7%
Accumulated amortization$13.3M2 Dec 31, 2021$11.1M2 Dec 31, 2020+19.7%
Finite-lived intangibles, net$69.5M2 Dec 31, 2021$72.3M2 Dec 31, 2020−3.9%

Leadership

Who has led Watermark Lodging Trust, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael G. Medzigian2015–2022

Chair

  1. Trevor P. Bond2015
  2. Mark J. Decesaris2016
  3. Jason E. Fox2018

President

  1. Michael G. Medzigian2015–2022

Chief financial officer

  1. Hisham A. Kader2015
  2. Toniann Sanzone2016
  3. Mallika Sinha2017–2021

Chief operating officer

  1. Thomas E. Zacharias2015
20202025
Board members and other officers (10)

Former names

  • Carey Watermark Investors 2 IncJun 11, 2014 to May 14, 20203

Timeline

  1. Sep 12, 20228-K Shareholder vote; Regulation FD disclosure29
  2. Jun 24, 20228-K Executive or director change30
  3. May 9, 20228-K Entered a material agreement; Other events31
  4. Mar 28, 20228-K Other events32
  5. Dec 14, 20218-K Executive or director change33
  6. Jun 29, 2015New chief executive Michael G. Medzigian becomes CEO12

Filings

69 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 5 major events, 39 insider forms, 20 other. The latest 20:

  1. Oct 25, 20224 EDGAR
  2. Oct 25, 20224 EDGAR
  3. Oct 25, 20224 EDGAR
  4. Oct 25, 20224 EDGAR
  5. Oct 25, 20224 EDGAR
  6. Oct 25, 20224 EDGAR
  7. Oct 25, 20224 EDGAR
  8. Oct 25, 20224 EDGAR
  9. Oct 25, 20224 EDGAR
  10. Oct 25, 20224 EDGAR
  11. Oct 21, 202215-12G EDGAR
  12. Oct 20, 2022S-3DPOS EDGAR
  13. Oct 20, 2022S-8 POS EDGAR
  14. Oct 20, 2022S-8 POS EDGAR
  15. Oct 4, 20224 EDGAR
  16. Oct 4, 20224 EDGAR
  17. Oct 4, 20224 EDGAR
  18. Oct 4, 20224 EDGAR
  19. Oct 4, 20224 EDGAR
  20. Oct 4, 20224 EDGAR

The 69 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Watermark Lodging Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWatermark Lodging Trust, Inc.1
  • CIK0001609471
  • Employer ID (EIN)46-57654131
  • Filer statusNon-accelerated filer1
  • Incorporated inMaryland1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • Business address150 N. Riverside Plaza, Chicago, IL 606061
  • Phone847-482-86001
  • Public float$0 as of Jun 30, 202134
  • On EDGAR sinceJun 11, 20141
  • Filings342 in all: 4 (101), 8-K (50), 424B3 (30), 3 (25), 10-Q (23), DEFA14A (16), CORRESP (13), EFFECT (12)1
    All 30 form types

    425 (11), POS AM (11), 8-K/A (10), 10-K (7), UPLOAD (7), DEF 14A (6), S-11/A (3), S-8 (2), S-8 POS (2), 10-K/A (1), 15-12G (1), 8-A12G (1), DEFM14A (1), FWP (1), PREM14A (1), S-11 (1), S-3D (1), S-3DPOS (1), S-4 (1), S-4/A (1), SC 13D (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2022
    Quarterly report (10-Q) Aug 11, 2022
    Proxy statement (DEF 14A) Apr 29, 2021
    Latest 8-K (8-K) Sep 12, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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