Blackstone to Buy 8 Japanese Hotels from Kintetsu Group

Posted on 03/26/2021

Japanese railway company Kintetsu Group Holdings Co., Ltd. is selling eight hotels in Osaka and Kyoto to Blackstone Group for around 60 billion Japanese yen. Kintetsu Group’s revenues were impacted by a decline in passengers for its railway business due to the COVID-19 pandemic. Kintetsu Group plans to improve its finances by selling the hotels. […]

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