• Kyodo

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Seibu Holdings Inc. said Thursday it will sell 31 properties in Japan held by its subsidiary Prince Hotels Inc. to Singaporean sovereign wealth fund GIC for about ¥150 billion ($1.3 billion).

The assets to be sold include its flagship hotel, The Prince Park Tower Tokyo, as well as The Sapporo Prince Hotel and The Grand Prince Hotel Hiroshima, in addition to ski resorts and golf courses.

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