NEW YORK, Jan. 6, 2015 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a global net-lease REIT specializing in corporate sale-leaseback, build-to-suit construction financing and the acquisition of single-tenant net-lease properties, announced today that CPA(®):18 - Global, one of its managed non-traded REITs, has acquired a 266-room resort hotel, La Plantation d'Albion Club Med, located in Albion, Mauritius, for approximately $72 million (EUR59 million).

http://photos.prnewswire.com/prnvar/20150102/166668

The facility is triple net-leased to Holiday Village Management Services Ltd, a subsidiary of Club Mediterranee SA (Club Med, CU:EN Paris), for an initial term of 15 years. The lease is guaranteed by Club Med, the renowned pioneer in all-inclusive resorts.

Key Facts


    --  Upscale resort property: La Plantation d'Albion, Mauritius is comprised
        of 266 rooms and suites, two gourmet restaurants, three ocean view bars,
        two beaches and a health club, as well as three large swimming pools, a
        mini golf course and tennis courts.  The resort is categorized as a
        5-Trident resort, which is the highest level of quality offered within
        Club Med resorts worldwide.
    --  Well-located property: Mauritius is an island nation in the Indian Ocean
        approximately 1,200 miles off the southeast coast of the African
        continent.  Situated on 53.4 acres of natural tropical woodland, the
        resort's location on the northwestern coast of the island supports Club
        Med's up-market strategy, as well as its increased focus on the growing
        Asian tourism market.
    --  Stable international investment: One of only two Club Med 5-Trident
        resorts in the world, the property has shown stable performance since
        its development in 2007 despite wider global economic turmoil. Its
        up-market focus and price point have enabled the resort to generate
        solid returns.  Mauritius ranks 20th in The World Bank's "Ease of Doing
        Business Index," which evaluates economies based on how conducive the
        regulatory environment is to starting and operating a company.
    --  Triple-net, inflation-protected euro lease: The facility is leased for a
        period of 15 years.  Rent is paid in euros with annual increases tied to
        the European Consumer Price Index. The lease is guaranteed by Club Med,
        a leader in the upscale all-inclusive resort space that owns, leases and
        manages 66 resorts and one cruise ship, with around 46,000 beds and
        related facilities.

Management Commentary

W. P. Carey Managing Director and Co-Head of Global Investments, Jason Fox:

"This transaction offered the opportunity for CPA(®):18 - Global to acquire an internationally branded upscale beach resort in a leading tourism destination. The deal demonstrates our ability to access a wider pool of global investment opportunities that meet our established investment criteria in order to provide long-term value for CPA(®):18 - Global's investors. We are pleased to add to the global diversity of the CPA(®):18 - Global portfolio with the acquisition of this solid cash flow generating asset with a triple net-lease structured to provide inflation-indexed returns."

Roger Hensman, Advisor to W. P. Carey on the transaction, added:

"W. P. Carey's global investing perspective and experience enabled them to recognize the value of this acquisition as an attractive addition to the CPA(®):18 - Global portfolio. Given the quality of the asset and the strength of Club Med as an established resort owner and operator in combination with the triple net-lease structure, the opportunity was consistent with their established investing criteria."

W. P. Carey Inc.
 Please visit www.wpcarey.mediaroom.com for more information about W. P. Carey, to access our image and video libraries and to follow us on social media.

This press release contains forward-looking statements within the meaning of the Federal securities laws. The statements of Mr. Fox and Mr. Hensman are examples of forward looking statements. A number of factors could cause CPA(®):18 - Global's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated; and risks related to CPA(®):18 - Global's offering of shares. For further information on factors that could impact CPA(®):18 - Global, reference is made to CPA(®):18 - Global's filings with the Securities and Exchange Commission.

Company contact:
 Kristina McMenamin
W. P. Carey Inc.
212-492-8995
kmcmenamin@wpcarey.com

Press contact:
 Guy Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com

http://photos.prnewswire.com/prnvar/20130604/NY25517LOGO-b

Logo - http://photos.prnewswire.com/prnh/20130604/NY25517LOGO-b
Photo - http://photos.prnewswire.com/prnh/20150102/166668

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cpa18---global-acquires-72-million-long-term-net-leased-mauritius-resort-hotel-300015221.html

SOURCE W. P. Carey Inc.