Brookfield Asset Management Buys Hotel Investor Thayer Lodging
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Brookfield Asset Management Inc., Canada’s biggest manager of alternative assets, bought Thayer Lodging Group, a closely held investor in hotels including a Ritz-Carlton and a JW Marriott in San Francisco.
The acquisition was completed last week following negotiations that started in November, said Bruce Wiles, chief operating officer at Annapolis, Maryland-based Thayer Lodging, which will operate as a unit of Toronto-based Brookfield. Wiles wouldn’t disclose the purchase price.