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Brookfield Acquires Thayer

Washington DC Hotel

Yesterday, Brookfield Asset Management bought into the hotel world in a big way, announcing the acquisition of Thayer Lodging Trust and its deep portfolio for an undisclosed price. (Here's Thayer chairman Fred Malek, right, with Pircher Nichols' Gene Leone at our national hotel event last week.) Fred and Thayer co-founder Leland Pillsbury will serve as co-chairmen and co-heads of the new firm, which will operate as a subsidiary of Brookfield Asset Management.