Fraser Sofitel deal to boost plans for trust

Frasers Centre­point is pushing ahead with plans for a hotel real estate investment trust.

Singapore's Frasers Centre­point is pushing ahead with plans for a hotel real estate investment trust after picking up the Sofitel Sydney Wentworth for $202.7 million in a deal finalised over the weekend.

The five-star hotel was sold by fund manager LaSalle Investment Management, which picked up the 436-room property for $130m four years earlier from Tourism Asset Holdings.

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