Singapore's First Sponsor buys Frankfurt hotel for €85m

A joint venture of Singapore-listed group First Sponsor and two of its shareholders, City Developments and Tai Tak Estates Sendirian Berhad have acquired Le Méridien hotel in Frankfurt from Art-Invest Real Estate.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories

  • img

    Weekly data sheet: Two massive hotel portfolios change hands

    • 06-dec-2024

    Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest. 

    Read more