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Japanese railway giant Seibu struck a deal to sell part of its hospitality portfolio to Singapore's GIC this month, the latest in a series of companies to recently offload their secondary assets. . Read more at straitstimes.com. ....
Seibu Holdings Inc. is considering selling about 30 properties in Japan, including Prince brand hotels, to Singaporean sovereign wealth fund GIC for about 150 billion yen ($1.3 billion), sources familar with the plan says. ....
A Seibu group company would operate the hotels and other facilities, such as a ski resort and a golf course, after the planned sale, according to sources. ....