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GIC buys 16 Marriott hotels in Japan for ¥125 billion
Original: Singapore's sovereign wealth fund GIC has acquired 16 hotels in Japan operated by Marriott International for about ¥125
Singapore's sovereign wealth fund GIC has acquired 16 hotels in Japan operated by Marriott International for about ¥125 billion. The deal, reported by The Japan Times, underscores continued investor interest in Japanese hospitality assets as international tourism to the country remains strong. GIC becomes a major hotel owner in Japan, with Marriott expected to continue operating the properties under its brands.
Why now: A large cross-border hotel acquisition signals confidence in Japan's booming tourism market.
GICMarriott InternationalSingaporeJapan
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