Frasers Hospitality acquires Sydney hotel for A$224m

Singapore listed Frasers Hospitality Trust said Monday it had reached a deal to acquire five-star heritage-listed hotel in Sydney – Sofitel Wentworth – for A$224 million ($236 million).

This marks Frasers Hospitality Trust (FHT)’s first acquisition since its initial public offering in June last year, and its third hospitality asset in Sydney,Australia.