Brookfield Asset Management in Talks to Acquire Accor‑run Luxury Hotel on Dubai’s Palm Jumeirah

Brookfield Asset Management (NYSE: BAM) is reportedly negotiating the purchase of a luxury Palm Jumeirah hotel managed by Accor SA. According to Bloomberg via Seeking Alpha, the deal would mark Brookfield’s first hotel investment in Dubai, signaling increased confidence from international investors in the emirate’s hospitality sector.

The transaction aligns with Dubai’s broader strategy to diversify and bolster its tourism and real estate industries. Palm Jumeirah, one of the city’s most iconic and sought-after locations, is likely to amplify the appeal of this acquisition. Industry analysts suggest that such a high-profile acquisition could spark further inbound investment, with potential ripple effects across the UAE hospitality and development market.

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