Frasers Hospitality Trust's Novotel Melbourne on Collins (Photo: State Government of Victoria, Australia)

Frasers Hospitality Trust (FHT) has confirmed that it is in talks over a possible sale of its property in Australia, Sofitel Sydney Wentworth.

The property located within Sydney’s central business district, and comprises of 436 keys, with 33,500 square metres of gross floor area.

According to a statement from the manager of FHT, it constantly assesses “strategic options available” to enhance value for its stapled securityholders, including portfolio rebalancing opportunities.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.