Singapore's GIC Buys 16 Japanese Hotels for $800 Million
GIC acquired 16 Marriott-operated hotels in Japan from KKR for approximately 125 billion yen to capitalize on a surge in foreign tourism.
The sovereign wealth fund GIC of Singapore acquired 16 hotels in Japan for approximately 125 billion yen, or 800 million dollars. The properties are operated by Marriott International and belong to the Four Points Flex by Sheraton mid-price-range chain, with locations spanning 11 cities including Tokyo, Osaka, Kyoto, and Fukuoka.
The assets were sold by the U.S. investment firm KKR. KKR had previously expanded its portfolio in the region by purchasing 14 hotels from Unizo Holdings in 2024.
This acquisition follows a significant tourism boom in Japan, which saw foreign visitor numbers reach 42.7 million last year. A weak yen has further incentivized international travel and investment. Investors currently view hotel assets as resilient hedges against inflation because operators can adjust room rates quickly to preserve profitability.
