Struggling supermarket chain Daiei Inc. said Wednesday it will sell four hotels to Goldman Sachs Group Inc. of the United States for 45.4 billion yen. It also said it is also considering selling Fukuoka Dome.
Daiei will sell its stakes in Shin-Urayasu Oriental Hotel located in Urayasu, Chiba Prefecture, Kobe Meriken Park Oriental Hotel in Hyogo Prefecture, Namba Oriental Hotel in Osaka and Hotel Centraza Hakata in the city of Fukuoka.
The Goldman Sachs Group is making the purchases through Tokyo-based TN Development Co., its wholly owned hotel business arm. Daiei signed a contract Wednesday on the deal and expects it to be settled by the end of February.