Brookfield Asset Management Wins OIO Consent for $250m Hotel Acquisition
ByAinvest
Wednesday, Mar 25, 2026 12:01 pm ET1min read
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Brookfield Asset Management has received Overseas Investment Office consent to purchase Wellington and Queenstown hotels for $250 million. The 280-room Rydges Wellington and 84-room Sofitel Queenstown will be acquired, subject to some conditions. The deal is now conditional pending the removal of outstanding conditions. Brookfield is a US$75 billion NYSE-listed company.
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