25 Jun '15, 9am

#Singapore's First Sponsor Group buys @HolidayInn /Express #hotels in #Amsterdam @CBREHotels http…

Singapore, Thursday, 25 June 2015 - First Sponsor Group Limited, a listed institutional investor from Singapore, has through its wholly owned subsidiary, FS NL Property 2 B.V., acquired the Holiday Inn and Holiday Inn Express hotels in Amsterdam from IVG Institutional Funds GmbH (IVG IF). The Holiday Inn and Holiday Inn Express hotels, two InterContinental Hotel Group brands, are both located in the Arena Towers building in Amsterdam Southeast (Hoogoorddreef 66). The assets were acquired for about €55 million, including transaction costs. The purchaser obtains approximately 17,500 sq m of hotel space consisting of 120 rooms in the Holiday Inn hotel and 323 rooms in the Holiday Inn Express. The hotels have separate entrances and collectively offer a variety of conference rooms and restaurants. The hotels and 440 car park lots have been leased to TVHG under a master lease ar...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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