First Sponsor Group acquires two hotels in Amsterdam
Hotels in 54.6m euro deal under Holiday Inn and Holiday Inn Express brands
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Singapore
FIRST Sponsor Group announced on Thursday morning that it has completed its acquisition of two hotels in Amsterdam - a Holiday Inn and a Holiday Inn Express - with 509 carpark lots for 54.6 million euros (S$82.9 million).
Earlier in April, the property group announced that it had entered into a sale and purchase agreement with a German institutional real estate fund, IVG Institutional Funds, for the acquisition.
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