Brookfield Real Estate Finds to Acquire Watermark Lodging Trust
CHICAGO—Watermark Lodging Trust, Inc. (Watermark) announced 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 […]
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