|
|
|
Singapore's
GIC Real Estate acquires Westin Tokyo
Pearl
Bantillo
Thomson Financial
26 Feb
08
http://www.forbes.com/markets/feeds/afx/2008/02/26/afx4695801.html
GIC
Real Estate, the property investment arm of the Government of
Singapore Investment Corp (GIC), will acquire The Westin Tokyo
from Starwood Capital Group LLC and Morgan Stanley Capital KK for
an undisclosed amount, the companies jointly announced on
Tuesday.
The 438-room hotel with a five-star rating will
continue to be operated by Starwood Hotels and Resorts under the
Westin brand.
GIC currently manages assets worth over 100
billion dollars in more than 30 countries.
Singapore
investment arm buys Westin Tokyo from Morgan Stanley,
Starwood
Kazuhiro
Shimamura
MarketWatch
26 Feb
08
http://www.marketwatch.com/news/story/singapore-investment-arm-buys-westin...
A
real estate investment arm of the Singapore government has bought
the Westin Tokyo hotel from Morgan Stanley's real estate fund and
a Starwood Capital fund, the companies said Tuesday.
GIC
Real Estate, a property investment arm of the Government of
Singapore Investment Corp., purchased the central Tokyo hotel, in
which the funds operated by Morgan Stanley and Starwood Capital
Group invested in 2004, they said in a statement.
They
declined to disclose the value of the transaction.
|
|
