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First Sponsor acquires Frankfurt Hotel in joint venture with CDL and Tai Tak

The acquisition, for S$135.9 million, is expected to be completed late this month or early next month

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The Le Méridien Frankfurt Hotel, a freehold property, is near the main train station in the district of Bahnhofsviertel in the centre of the city of Frankfurt.

Singapore

FIRST Sponsor Group Limited has taken the step to acquire the Le Méridien Frankfurt Hotel in Germany for about 85 million euros (S$135.9 million), in a move made in partnership with its key shareholders City Developments Limited (CDL) and Tai Tak Estates Sdn Bhd.

The

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