watermark lodging trust inc said friday it entered a deal with private real estate funds managed by brookfield asset management that will see brookfield acquire watermark under the terms of the deal brookfield will acquire all outstanding shares of watermarks common stock brookfield will pay 6768 per class a share and 6699 per class t share in an allcash transaction valued at 38 billion including the assumption of debt and preferred equity the companies said the purchase price is a premium of over 75 from watermarks most recently published net asset values per share of 629 per class a share and 622 per class t share as of december 31 2021 according to the companies the watermark portfolio consists of 25 properties totaling over 8100 rooms these assets are located in driveto leisure destinations and gateway urban cities across 14 states with a high concentration in the sun belt region the companies said the deal is expected to close in the fourth quarter of this year