You are here

Home > Companies & Markets

FHT acquires Novotel Melbourne for A$237m

Deal will be funded via 32-for-100 underwritten rights issue
Sat, Sep 10, 2016 - 5:50 AM

BT_20160910_LKFHT10_2486256.jpg
NOVOTEL MELBOURNE: The acquisition is FHT's first hospitality asset in Melbourne and its fourth in Australia.

Singapore

FRASERS Hospitality Trust (FHT) is acquiring Novotel Melbourne located on a prime shopping street in Melbourne for A$237 million (S$245.4 million), with the transaction to be funded entirely via a rights issue.

This marks FHT's first hospitality asset in Melbourne and its...

sentifi.com

Market voices on:

Purchase this article as republication.
subscribe to
The Business Times
Stay connected with The Business Times
premium content on your favourite platforms
CALL 6388 3838
SUBSCRIBE NOW
Download Our
Apps
Stay up to date with The Business Times for
Stay Updated
Choose which free BT newsletters to sign up for here, or get them all below:
Breakfast Brief
every morning
Daily Debrief
every evening
BT Garage
weekly