1. Most Discussed
  2. Gainers & Losers

Folkestone says acquires Sydney Airport Hotel for new fund

Bookmark and Share
  1. Oct 12 (Reuters) - Folkestone Ltd (FLK)

    • Folkestone acquires Sydney Airport Hotel for new fund
    • Folkestone Funds Management will be seeking to raise $50.0 million for offer
    • Folkestone Sydney Airport Hotel Fund exchanged contracts for acquisition for $76.4 million (excluding transaction costs)
    • Fund also secured $49.4 million debt facility from an Australian bank
    • For acquisition of hotel, fund secured underwriting commitments totalling $31.9 million, $15.0 million of which will be provided by Folkestone
    Discuss this via FLK

Before making any financial decisions based on what you read, always consult an advisor or expert.

The aim of HotCopper News is to report and comment on news in the financial and investment markets. HotCopper provides no advice on dealing in securities and is not a financial advisor. Professional advice should be sought before making any investment decisions.

Contact editor: [email protected]

To read reuters' full disclaimer click here

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.