By SHINYA TAKAGI/ Staff Writer
February 6, 2022 at 13:30 JST
The Prince Park Tower Tokyo in the capital’s Minato Ward. It is among properties that Seibu Holdings Inc. is considering selling to Singapore’s GIC fund. (Provided by Prince Hotels Inc.)
Seibu Holdings Inc. has taken such a heavy hit from the COVID-19 pandemic it is close to selling 30 or so properties in Japan, including Prince brand hotels, to Singaporean sovereign wealth fund GIC for about ¥150 billion ($1.3 billion), according to sources familiar with the proposed deal. [Read More]
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