Announced
Completed
Financials
Tags
beach resort
Majority
United States
Real Estate
Friendly
Cross Border
Acquisition
Single Bidder
Completed
Hotels and Motels
Private Equity
Private
Synopsis
Credit Suisse Asset Management, an investment firm, and Trinity, a real estate investment firm, completed the acquisition of The Diplomat Beach Resort in Hollywood from Brookfield for $835m. “I am delighted that we have been able to diversify our international real estate portfolio with such an iconic property. We see the convention hotel segment as an attractive investment proposition with the Florida economy continuing to experience strong economic growth and favorable demographics," Robert Rackind, Credit Suisse Asset Management Global Head of Real Estate.
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