GIC Acquires 16 Marriott-Run Hotels in Japan Amid Tourism Boom
Singapore's GIC sovereign wealth fund has acquired 16 Marriott-operated hotels in Japan for approximately $800 million.
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.
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