Brief: First Sponsor Group Ltd Announces Acquisition Of Westin Bellevue Dresden Hotel, Germany
21/02/2019 01:18
Feb 21 (Reuters) - First Sponsor Group Ltd FSCA.SI :
* ANNOUNCES ACQUISITION OF WESTIN BELLEVUE DRESDEN HOTEL,
GERMANY
* PROPERTY ACQUISITION COST IS VALUED AT ABOUT EUR 49.5
MILLION
* GROUP AND EVENT ARE EXPECTED TO SPEND MORE THAN EUR 10.0
MILLION
IN NEAR FUTURE TO REFURBISH PROPERTY
* UNIT ENTERED AGREEMENT FOR ACQUISITION OF 94.9% OF 2
GERMAN CO'S
WHICH OWN & OPERATE WESTIN BELLEVUE DRESDEN HOTEL
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ9RcvxB
Further company coverage: FSCA.SI
((Reuters.Briefs@thomsonreuters.com;))
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