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Brookfield signs letter of intent to purchase NYC hotel for $160M

Brookfield Property Partners LP, via one of its private real estate funds, signed a letter of intent to acquire the 294-room Hotel Indigo on the Lower East Side in New York City from Brack Capital Real Estate for $160 million, The Real Deal reported.

The publication could not immediately retrieve a comment from representatives of either Brookfield or Brack Capital regarding the matter.