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 yen ($1.3 billion).The assets to be sold in September include its flagship hotel, The Prince Park Tower Tokyo, Sapporo Prince Hotel and Grand Prince Hotel Hiroshima, as well as ski resorts and golf courses.Through what it calls "the asset-lightening," Seibu, one of Japan's major railway and hotel operators, will try to turn around its business hit by the impact of the coronavirus pandemic."(GIC) is the best partner bec…READ FULL ARTICLE
