<article>Singapore listed<a href="http://www.ipc.com.sg/" target="_blank"> IPC Corporation Ltd</a> has sold two hotels in Sapporo (Japan) for 2.69 billion yen (S$29.6 million) to GK Sapporo Holdings Tokumei Kumiai.</article>

Singapore listed<a href="http://www.ipc.com.sg/" target="_blank"> IPC Corporation Ltd</a> has sold two hotels in Sapporo (Japan) for 2.69 billion yen (S$29.6 million) to GK Sapporo Holdings Tokumei Kumiai.
GK Sapporo Holdings Tokumei Kumiai, a wholly owned subsidiary of the<a href="http://www.ichigo-holdings.co.jp/english/" target="_blank"> Ichigo Group Holdings</a> (which is listed on Tokyo’s Jasdaq market and manages the <a href="http://www.ichigo-reit.co.jp/english" target="_blank">Ichigo REIT</a>), will hold the two properties &#8211; Nest Hotel Sapporo Odori and Nest Hotel Sapporo Ekimae, which have 117 rooms and 162 rooms, respectively.
The Sapporo Hotels shall retain the “Nest” brand and continue to be managed by <a href="http://www.nesthotel.co.jp/" target="_blank">Nest Hotel Japan</a>, a licencee of nest brand, which is owned by IPC.

IPC Corp sells 2 Japan hotels for $29.6m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

IPC Corp sells 2 Japan hotels for $29.6m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief