SUBSCRIBERS

First Sponsor to buy control of Germany hotel for 49.5m euros

Published Thu, Feb 21, 2019 · 09:50 PM

Singapore

PROPERTY firm First Sponsor plans to snap up controlling shares of the Westin Bellevue Dresden hotel, located in Dresden, Germany, with acquisition cost valued at about 49.5 million euros (S$75.7 million), it said on Thursday.

First Sponsor plans to buy 94.9 per cent of two German companies that own and …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here