GIC Acquires 16 Four Points Flex by Sheraton Hotels in Japan from KKR for JPY 200 Billion
📰 GIC acquired 16 Four Points Flex by Sheraton hotels in 11 Japanese cities from KKR for JPY 200 billion. The hotels are in key areas like Tokyo and Osaka. KKR initially acquired 14 hotels in 2024 from Unizo Holdings and expanded to 16. Separately, Pebblestone plans to buy Hyde Park Myeongdong in Seoul for KRW 500 billion. Shorea Capital acquired The Pemberton in Hong Kong, aiming to convert it into student housing.
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