SINGAPORE’S FIRST SPONSOR BUYS INTO THE HILTON ROTTERDAM

Hilton’s spin-off REIT Park Hotels & Resorts Inc completed its first asset disposal, selling the 254-room Hilton Rotterdam in the Netherlands for €50 million (€197,000 per key). The buyer consortium was led by First Sponsor Inc (acquiring 24.7%), which owns assets such as the Queens Bilderberg Portfolio and the Le Meridien Frankfurt, and included a number of Asian and Dutch high net worth investors.

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