Frasers Centrepoint Buys Sydney Hotel For AUD203mn


News: Frasers Hospitality Investments Melbourne, the fully owned subsidiary of Singapore-based property company Frasers Centrepoint, has acquired the Sofitel Sydney Wentworth hotel in Australia for AUD202.7mn (USD190.22mn). The acquisition will be funded by borrowings and internal resources of Frasers Centrepoint. Sofitel Sydney Wentworth is located in the midst of Sydney's central business district. The hotel features popular attractions such as the Sydney Opera House, Circular Quay, The Rocks and the Royal Botanic Gardens.

This article is tagged to:
Sector: Tourism, Real Estate
Geography: Australia