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Westin Diplomat Trades for $460M

MIAMI—All told, Thayer shelled out $535.5 million to Diplomat Companies Limited Partner in the deal. Find out exactly what it bough.

By Jennifer LeClaire | Updated on August 29, 2014

MIAMI—Thayer Lodging Group is not talking, but our sister publication is reporting that it just purchased the Westin Diplomat Resort & Spa in Hollywood, FL. The sale price: $460 million.

The Daily Business Review broke the story. The Westin is located at 355 South Ocean Drive in Hollywood. According to DBR, the company also snapped up the an 18-hole golf course just down the street for another $20 million and grabbed a few parcels next to the resort for $55.5 million. All told, Thayer shelled out $535.5 million to Diplomat Companies Limited Partner in the deal.

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