11:17 AM EDT, 10/11/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) is in advanced discussions to sell the PGA National Resort in Palm Beach Gardens to Henderson Park for $425 million, Bloomberg reported Friday, citing sources familiar with the matter.

The transaction values the resort at approximately $1.3 million per room, one of the sources reportedly told Bloomberg. The deal is not yet final, the report said.

The buyer plans to bring Salamander Hotels & Resorts onboard to manage the property, which includes six golf courses, 19 tennis courts, and a 40,000-square-foot spa, one source reportedly told Bloomberg.

Brookfield, Henderson Park and Salamander did not immediately respond to MT Newswires' request for comment.

Brookfield Asset Management ( BAM ) shares were up more than 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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