Frasers Hospitality Trust (FHT) has divested Sofitel Sydney Wentworth for a consideration of A$315.0 million ($309.1 million).

The hotel is an iconic five-star heritage-listed hotel located in the heart of Sydney’s central business district. It sits on freehold land and comprises 436 guest rooms and suites over a gross floor area of 33,589 sqm spread of 17 floors.

On Oct 28, a wholly-owned sub-trust of Frasers Hospitality Real Estate Investment Trust (FH-REIT) entered into a put and call option agreement with an indirect wholly-owned subsidiary of Frasers Property Limited to acquire the freehold reversionary interest of Sofitel Sydney Wentworth for A$10.55 million.

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