GIC Invests in Sheraton Grande Tokyo Bay Hotel

Posted on 09/21/2017


Singapore’s GIC Private Limited formed a joint venture with the Invincible Investment Corporation, a public hotel and residential J-REIT, to acquire the Sheraton Grande Tokyo Bay Hotel for 100 billion JPY (US$ 895,628,000). The GIC is taking a 51% majority stake in the transaction. The seller is Fortress Investment Group. The Sheraton Grande Tokyo Bay […]