Carey Watermark Investors Completes Renovation of Hampton Inn & Suites Legacy Park-Frisco Hotel

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. June 18, 2014

New Orleans, LA - June 18, 2014 - Total renovation of the 105-room Hampton Inn & Suites Legacy Park-Frisco has been completed, announced Larry Daniels, Vice President/General Manager of HRI Lodging (HRIL), the hotel management firm previously retained by new owners Carey Watermark Investors Incorporated (CWI) earlier this year.

The Dallas-area hotel is part of a five-hotel package that CWI purchased within the Hilton Worldwide portfolio of brands. Following the acquisition of the Hampton Inn & Suites Legacy Park-Frisco, HRI Lodging and its construction affiliate completed the renovation program already underway, renewing all public areas of the hotel and its guestrooms.

All guestrooms were completely refurbished, with new carpet, furniture, wall coverings, vanities, artwork, closet doors and plumbing fixtures. Bedding in every guestroom was upgraded to Hampton Inn's exclusive Cloud Nine® sleep package.

“Carey Watermark and HRI Lodging are committed to meeting the very highest standards of comfort and service for every guest of every hotel we operate,” said Daniels. “The extensive renovation of this property demonstrates that our two firms back their promises with actions that benefit every one of our guests and associates,” Daniels added.

The first phase of the renovation focused on the public areas to create Hampton Inn's Perfect Mix® lobby concept. The initial effort also incorporated the Jump Start® fitness center and meeting rooms.

The Hampton Inn & Suite Legacy Park-Frisco is located in an affluent north Dallas neighborhood centrally located to shopping, sports venues, local businesses and corporations. The hotel offers free high-speed Internet access, a free hot breakfast and a complimentary manager's reception including appetizers and beverages Monday through Wednesday evenings.

About HRI Lodging

HRI Lodging, Inc. (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 17 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Marriott, Hilton, Hyatt, Starwood and Intercontinental Hotel Group. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is: Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities. About Carey Watermark Investors

About Carey Watermark Investors

Carey Watermark Investors Incorporated is a publicly registered non-traded real estate investment trust (REIT) that invests primarily in the lodging and lodging-related sectors. www.careywatermark.com .

About Hampton Hotels

The Hampton Hotels brand, including Hampton Inn, Hampton Inn & Suites and Hampton by Hilton, is an award-winning leader in the mid-priced hotel segment, serving value-conscious and quality-driven travelers. With over 1,900 properties totaling more than 186,000 rooms in 14 countries and territories, Hampton Hotels is part of Hilton Worldwide, a leading global hospitality company. All Hampton hotels offer comfortable surroundings and a friendly service culture, defined as "Hamptonality," delivered by over 50,000 Team Members and supported by the 100% Hampton Guarantee®, reinforcing its commitment to providing excellent service to both business and leisure travelers alike. High-quality and consistent accommodations and amenities, such as free Wi-Fi and free hot breakfast, and the latest technology and innovations, such as multi-unit Power Cubes and the brand's signature Clean and Fresh Hampton Bed®, combined with numerous locations globally have made Hampton a leader in its segment and one of the fastest growing hotel brands worldwide. Please visit www.hampton.com, http://news.hampton.com or www.hamptonoffers.com for more.