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GIC Acquires 16 Marriott-Run Hotels in Japan Amid Tourism Boom

Key Points

Singapore’s sovereign wealth fund GIC Pte. has acquired 16 hotels in Japan operated by Marriott International Inc. for about ¥125 billion ($800 million), according to people familiar with the matter.

Singapore’s sovereign wealth fund GIC Pte. has acquired 16 hotels in Japan operated by Marriott International Inc. for about ¥125 billion ($800 million), according to people familiar with the matter.
GIC Acquires (ORG) Marriott-Run Hotels (ORG) Japan (LOCATION) GIC Pte (ORG) Marriott International Inc. (ORG)
Originally published by Bloomberg Markets Read original →