STRESSEconomicGlobal
GIC Acquires 16 Marriott-Run Hotels in Japan Amid Tourism Boom
Published:
News summary
Singapore’s sovereign wealth fund GIC Pte. has acquired 16 hotels in Japan operated by Marriott International Inc. for about ¥125 billion ($800 million), according to people familiar with the matter.
- Importance
- Low · 25/100
- Impact direction
- Uncertain