EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
In accordance with Rule 13(d)-1(k)(1) under the Exchange Act, the undersigned hereby agree to the joint filing with each other on behalf of each of them of the attached statement on Schedule 13D with respect to the securities of Watermark Lodging Trust, Inc. This Joint Filing Agreement shall be included as an Exhibit to such Schedule 13D.
IN WITNESS WHEREOF, the undersigned hereby executed this Joint Filing Agreement as of July 31, 2020.
| ACP WATERMARK INVESTMENT LLC | ||
| By: | ACP Watermark Intermediate LLC | |
| Its: | Managing Member | |
/s/ Russell Gimelstob | ||
| Name: | Russell Gimelstob | |
| Its: | Chief Executive Officer | |
| ACP WATERMARK INTERMEDIATE LLC | ||
/s/ Russell Gimelstob | ||
| Name: | Russell Gimelstob | |
| Its: | Chief Executive Officer | |
| ASCENDANT CAPITAL GP MM LLC | ||
/s/ Russell Gimelstob | ||
| Name: | Russell Gimelstob | |
| Its: | Sole Member | |
| RUSSELL LEWIS GIMELSTOB | ||
/s/ Russell Gimelstob | ||
| WATERMARK GAP HOLDCO, L.P. | ||
| By: | Oaktree Fund GP, LLC | |
| Its: | General Partner | |
| By: | Oaktree Fund GP I, L.P. | |
| Its: | Managing Member | |
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Authorized Signatory | |
| OAKTREE FUND GP, LLC | ||
| By: | Oaktree Fund GP I, L.P. | |
| Its: | Managing Member | |
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Authorized Signatory | |
| OAKTREE FUND GP I, L.P. | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Authorized Signatory | |
| OAKTREE CAPITAL I, L.P. | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Vice President | |
| OCM HOLDINGS I, LLC | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Vice President | |
| OAKTREE HOLDINGS, LLC | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Vice President | |
| OAKTREE CAPITAL GROUP, LLC | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Vice President | |
| OAKTREE CAPITAL GROUP HOLDINGS GP, LLC | ||
/s/ Ting He | ||
| Name: | Ting He | |
| Its: | Vice President | |
| BROOKFIELD ASSET MANAGEMENT INC. | ||
/s/ Jessica Diab | ||
| Name: | Jessica Diab | |
| Its: | Vice President, Legal & Regulatory | |
| PARTNERS LIMITED | ||
/s/ Brian Lawson | ||
| Name: | Brian Lawson | |
| Its: | President | |
