Brookfield Explores Buying Luxury Hotel on Dubai's Palm Jumeirah
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Brookfield Asset Management Ltd. is exploring a deal to buy a luxury hotel on Dubai's Palm Jumeirah, according to people familiar with the matter.
The investment firm is in talks to purchase Sofitel Dubai The Palm in a transaction that could value the property at about 2 billion dirhams ($545 million), the people said, requesting anonymity as the information is private. If completed, the acquisition will mark Brookfield's first hotel investment in Dubai.
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