KKR snaps up Sofitel Sydney Wentworth Hotel for $315 million

Private equity giant Kohlberg Kravis Roberts (KKR) has snapped up the Sofitel Sydney Wentworth hotel, the favoured haunt for the Liberal Party on election nights, for $315 million at a time when the beleaguered tourism sector is set for a revival.

It was sold by the Singapore-based Frasers…