First Sponsor Group posts $2.7b hotel income with European portfolio

Revenue dropped 3.2% YoY.

First Sponsor Group reported a total income of $2.7b (EUR1.8b) from its European hotel portfolio in Q1 2025.

Despite an increase in occupancy, the hotel portfolio reported a 3.2% year-on-year (YoY) lower revenue for Q1 due to the refurbishment of the Palais wing in Le Méridien Frankfurt (LMF) which closes 80 of the 300 rooms.

Excluding LMF, the portfolio was able to increase its revenue by 2.5%.

Meanwhile, its China hotel portfolio recorded a YoY drop in revenue and occupancy of 14.0% and 4.8%, respectively.

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