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Home / Capital / Property

Ascott REIT acquires Sydney limited-service business hotel for $59 mil

Property

Ascott REIT acquires Sydney limited-service business hotel for $59 mil

PC Lee Published on Wed, Mar 27, 2019 / 2:10 PM GMT+8

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SINGAPORE (Mar 27): Ascott Residence Trust (Ascott REIT) is acquiring Felix Hotel, a prime freehold limited-service business hotel near Sydney Airport for A$60.6 million ($58.8 million).

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