Brookfield Asset Management buys Thayer Lodging Group
Brookfield Asset Management has acquired Thayer Lodging Group Inc, a U.S. private equity firm that invests in hotel real estate. No financial terms were disclosed for the transaction. Update: Based in Annapolis, Maryland, Thayer Lodging has since its founding in 1991 completed 43 hotel investments with a total acquisition cost of approximately US$2.5 billion. The firm will continue to operate Thayer's investment management, asset management, and property management businesses as a subsidiary of Brookfield.
21 May 2014•3 mins read
