Watermark Lodging Trust
Watermark Lodging Trust Announces Stockholder Approval of Acquisition by Brookfield
Watermark Lodging Trust | September 12, 2022
Chicago, September 12, 2022 – Watermark Lodging Trust, Inc. (“Watermark,” “WLT” or the “Company”) today announced that, at a Special Meeting of Stockholders, the proposed acquisition of WLT by private real estate funds managed by Brookfield was approved by its stockholders. Under the terms of the previously announced merger transaction, WLT common stockholders will receive cash consideration of $6.768 per Class A share and $6.699 per Class T share. The transaction is anticipated to close on or about October 21, 2022; however, closing remains subject to the terms and conditions of the merger agreement and there can be no assuran...
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...
Watermark Lodging Trust, Inc. Announces Management Team Changes
Watermark Lodging Trust, Inc. | December 15, 2021
Chicago, IL – December 15, 2021 – Watermark Lodging Trust, Inc. (“Watermark” or the “Company”) announces today a series of changes among its senior management team, including the promotions of Samuel Zinsmaster, Brendan Medzigian and Matthew Miller. Samuel Zinsmaster has been promoted to Chief Operating Officer, following his accomplishments as Head of Asset Management and previously Head of Portfolio Management for Watermark. A nine-year veteran of the Company, Sam has helped oversee all asset and portfolio management related functions and under his leadership, the Watermark portfolio has been recognized for its industry-lead...
