Exhibit 21.1
CAREY WATERMARK INVESTORS 2 INCORPORATED
LIST OF REGISTRANT SUBSIDIARIES
| Name of Subsidiary | Ownership | State or Country of Incorporation | |||
| Arlington 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| Atlanta Peachtree 2 Hotel Mezzanine Operator, LLC | 100 | % | Delaware | ||
| Atlanta Peachtree 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| Bellevue 2 Hotel Operator, Inc. | 95 | % | Delaware | ||
| CWI 2 Arlington Hotel, LLC | 100 | % | Delaware | ||
| CWI 2 Atlanta Peachtree Hotel Mezzanine Borrower, LLC | 100 | % | Delaware | ||
| CWI 2 Atlanta Peachtree Hotel, LLC | 100 | % | Delaware | ||
| CWI 2 Bellevue Hotel, LLC | 95 | % | Delaware | ||
| CWI 2 Denver Downtown Hotel, LLC | 100 | % | Delaware | ||
| CWI 2 Hotel Operator, Inc. | 100 | % | Delaware | ||
| CWI 2 La Jolla Hotel GP, LLC | 100 | % | Delaware | ||
| CWI 2 La Jolla Hotel, LP | 100 | % | Delaware | ||
| CWI 2 OP, LP | 100 | % | Delaware | ||
| CWI 2 San Francisco Hotel GP, LLC | 100 | % | Delaware | ||
| CWI 2 San Francisco Hotel, LP | 100 | % | Delaware | ||
| CWI 2 San Jose Hotel GP, LLC | 100 | % | Delaware | ||
| CWI 2 San Jose Hotel, LP | 100 | % | Delaware | ||
| CWI Key Biscayne Hotel, LLC | 29 | % | Delaware | ||
| CWI Nashville Downtown Hotel, LLC | 100 | % | Delaware | ||
| CWI Sawgrass Holdings, LLC | 50 | % | Delaware | ||
| CWI Sawgrass Hotel, LLC | 50 | % | Delaware | ||
| Denver Downtown 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| GB Key Biscayne Holdings, LLC | 19 | % | Delaware | ||
| GB/JT Hotel Partners, L.P. | 19 | % | Delaware | ||
| GB/JT Management, LLC | 19 | % | Delaware | ||
| Key Biscayne Hotel Operator, Inc. | 19 | % | Delaware | ||
| La Jolla 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| Nashville Downtown 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| San Francisco 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| San Jose 2 Hotel Operator, LLC | 100 | % | Delaware | ||
| Sawgrass Hotel Operator, Inc. | 50 | % | Delaware | ||