watermark
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
Operations
3
Market Reports
4
Industry Happenings
5
All Things Independent
Today's News
Over 6,100 Attendees Join HFTP in Celebrating the 50th Anniversary of HITEC
Beachy Wins E20X People’s Choice Award at HITEC Orlando 2022
Quadri-Felitti Named Recipient of ICHRIE 2022 Stevenson W. Fletcher Award
Mills James Provides Hospitality AV Services to 22 Full-Service Resorts in Mexico
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.