SG's GIC acquires Seibu's Prince Hotels portfolio for $1.3b

SG's GIC acquires Seibu's Prince Hotels portfolio for $1.3b

REUTERS/Anshuman Daga

Japanese railway and hotel conglomerate Seibu Holdings has entered into an agreement with Reco Pine Private Limited, an affiliate of Singapore’s GIC, to sell more than a third of the 76 assets owned by its hospitality unit Prince Hotels.

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