Distributions are not guaranteed. Income is derived from distribution payments, which may include a return of capital and/or borrowings, particularly during the period before CWI 2 has substantially invested the net proceeds from the offering. There is no guarantee these
objectives will be achieved. Diversification does not ensure a market gain or protect against
a market loss. Economic conditions may adversely affect the lodging industry. Although we expect lodging fundamentals to continue to improve, there can be no assurance as to the extent or durations of the improvement. |