Under an existing agreement, FHT has the first right of refusal over the property, which has a remaining lease of 45 years.
Frasers Hospitality Trust has turned down an offer from its sponsor to acquire Capri by Fraser, Changi City.
According to FHT's manager on March 19, Frasers Property (SGX:TQ5
) , the sponsor, has given its intention to sell the hotel to a third party.
