brookfield real estate funds
Watermark Lodging Trust to be Acquired by Brookfield Real Estate Funds for $3.8 Billion
Watermark Lodging Trust | May 9, 2022
Chicago, May 9, 2022 – Watermark Lodging Trust, Inc. (“Watermark,” “WLT” or the “Company”) announced today that it has entered into a definitive agreement with private real estate funds managed by Brookfield ("Brookfield"), under which Brookfield will acquire all of the outstanding shares of common stock of Watermark for $6.768 per Class A share and $6.699 per Class T share in an all-cash transaction valued at $3.8 billion, including the assumption of debt and preferred equity. The purchase price represents a premium of over 7.5% from the most recently published Net Asset Values per share as of December 31, 2021, of $6.29 per C...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
AAHOA’s Hoteliers Push Forward Impactful National Advocacy Agenda in Washington, D.C.
STR Weekly Insights: 3 – 9 March 2024
Bradford Allen Acquires 100-Key Aloft Glendale at Westgate in Glendale, Arizona
Hyatt Announces Robust Pipeline in India and Southwest Asia for 2024
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.