CDL to acquire Sofitel Brisbane Central for $159.2 mil
CDL has acquired Sofitel Brisbane Central for A$177.7 million ($159.2 million) or A$427,000 per key. In a 50:50 joint venture with its subsidiary Millennium & Copthorne Hotels New Zealand Limited, the group’s wholly-owned hotel subsidiary Millennium & Copthorne Hotels Limited (M&C) on March 22 entered into a purchase sale agreement (PSA) and business asset sale […]