• Kyodo

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Seibu Holdings Inc. is considering selling about 30 properties in Japan, including Prince brand hotels, to Singaporean sovereign wealth fund GIC for about ¥150 billion ($1.3 billion), sources familiar with the plan said Saturday.

Of the total, about a dozen are believed to be hotels such as The Prince Park Tower Tokyo, Prince Hotel Sapporo and Grand Prince Hotel Hiroshima. The COVID-19 pandemic has negatively impacted the company’s main railway and hotel businesses.

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