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The Japan News/Yomiuri

Business

The Yomiuri Shimbun

Japan's Seibu Holdings plans to sell about 30 Prince-brand hotels to Singaporean fund

The Shinjuku Prince Hotel (Credit: The Yomiuri Shimbun)

Seibu Holdings Inc. is planning to sell the real estate of some hotels of its subsidiary Prince Hotels Inc. to GIC, a Singaporean government-affiliated investment fund, for about 150 billion yen.

The buildings and other properties will be sold, but Prince Hotels will continue to operate the facilities.

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