Hot on its quarterly results, Frasers Hospitality Trust is announcing the divestment of the Sofitel Sydney Wentworth for A$315 millions.

Sale price translates to 34.3% premium over the total combined purchase price of FHT’s existing leasehold interest in Sofitel Sydney Wentworth and the purchase price of the freehold reversionary interest from an indirect wholly-owned subsidiary of Frasers Property