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Straits Trading: To Acquire Historic Hotel In Melbourne, Australia.
12 Jul 2012 17:47
The Straits Trading Company Limited announced the acquisition of 318-332 Flinders Street, Melbourne, Australia, for AUD 61 million, estimated S$79.3 million, through its wholly-owned subsidiary, Rendezvous Hotels Management Pty Ltd from Challenger Life Nominees No 2 Limited. The property, a historic hotel built in 1912, is currently leased and operated by the Company's wholly-owned subsidiary, Rendezvous Hotel (Australia) Pty Ltd under the hotel name, Rendezvous Grand Hotel Melbourne...
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Source: ShareInvestor Express
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