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HOTELS & TOURISM | Staff Reporter, Singapore

First Sponsor arm sells $10.8m of Dutch hotel shares

It is a 65-room five-star hotel.

First Sponsor’s indirect subsidiary Queens Bilderberg sold its Bilderberg Landgoed Lauswolt hotel for $10.8m to Dutch company Landgoed Oranjewoud.

Sitting on a freehold land in Beetsterzwaag, the Netherlands, the 65-room five-star hotel operated by Hotel Opco has a total gross floor area of approximately 73,356.05 sqft (6,815 sqm).

The Dutch company acquired the hotel after its purchase of 18,152 shares from Queens Bilderberg for $1.57 ( €1) each. Aside from the hotel, Landgoed Oranjewoud will also own Landgoed Lauswolt and its wholly owned subsidiary Hotel-Restaurant Lauswolt after the completion of the sale.

According to First Sponsor, the transaction is not expected to have an impact on the assets of the company for the current financial year.

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