- POSTED: 11 May 2014 11:04
Frasers Centrepoint Ltd has bought the Sofitel Sydney Wentworth hotel in Australia for A$202.7 million.
SINGAPORE: Frasers Centrepoint Ltd (FCL) has bought the Sofitel Sydney Wentworth hotel in Australia for A$202.7 million (around S$237.2 million).
The purchase will be funded by borrowings and internal resources, the former property arm of Fraser and Neave said in a stock market filing on Saturday.
Sofitel Sydney Wentworth is located in Phillip Street, in the financial heart of Sydney's central business district. The hotel is near popular attractions such as the Sydney Opera House, Circular Quay, The Rocks and the Royal Botanic Gardens.