Singapore’s Ascott REIT to acquire Sydney’s Felix Hotel for $43m

Felix Hotel's Sky Lobby and Reception.

Singapore-based Ascott Resident Trust (Ascott REIT) announced that it is acquiring the 150-room Sydney-based Felix Hotel for A$60.6 million ($43 million), making it Ascott REIT’s first business hotel in Australia.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Contact us for corporate subscriptions at subs@dealstreetasia.com.