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GIC Acquires 16 Marriott-Run Hotels in Japan Amid Tourism Boom
Source: Bloomberg
M&A & RestructuringHousing & Real EstateTravel & LeisurePrivate Markets & Venture
Singapore sovereign wealth fund GIC acquired a portfolio of 16 Marriott-operated hotels in Japan for about ¥125 billion ($800 million). The transaction signals continued institutional appetite for Japanese hospitality real estate and provides a notable portfolio-sale event for Marriott-operated assets.
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