GIC Acquires 16 Marriott-Run Hotels in Japan Amid Tourism Boom
AI Summary
Singapore’s sovereign wealth fund GIC acquired 16 Marriott-operated hotels in Japan for about ¥125 billion, or $800 million. The transaction comes amid a tourism boom in Japan.
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.
Markets Deals Real Estate Travel GIC Japan Marriott hotel acquisition tourism boom hospitality real estate ¥125 billion