Brookfield Asset Management Sale of PGA National Resort

Deal value: $425,000,000

Brookfield Asset Management sold the PGA National Resort, a luxury resort property in Palm Beach Gardens, FL, for $425 million, reflecting a near 95% appreciation over its prior purchase price.

The core investment motivation is to capitalize on the significant appreciation and repositioning of a premier, trophy hospitality asset in a high-growth, luxury leisure market. Brookfield’s $100 million renovation created a modernized, high-profile resort, making it attractive for institutional buyers seeking stable, long-term cash flow and value-add upside. The timing reflects strong demand for experiential, lifestyle-oriented real estate and the resilience of luxury hospitality in South Florida, underpinned by demographic and tourism trends.