Brookfield’s planned $800M sale of massive SoFla resort called off

Jeffrey Soffer’s planned purchase of Brookfield Property Partners’ 1,000-room Diplomat Beach Resort Hollywood is called off, as hoteliers nationwide reel from the impact of the coronavirus pandemic. Brookfield reported in its first quarter earnings filing that its sale agreement was “terminated by the third-party purchaser.” Soffer’s Aventura-based Fontainebleau Development was the proposed buyer of South Florida’s second biggest hotel at 3555 South Ocean Drive in Hollywood, at a price of about $800 million, according to

source https://therealdeal.com/2020/05/19/brookfields-planned-800m-sale-of-massive-sofla-resort-called-off/