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TPG Eyes Sale to Japan Hotel REIT for $860 Million

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  1. TPG Asia Real Estate plans to sell a Tokyo hotel property to Japan Hotel REIT Investment Co.

  2. The deal is valued at approximately $860 million.

  3. The sale is driven by a tourism boom that is boosting property valuations in Japan.

  4. The transaction is based on information from people familiar with the matter.

4h ago · original ↗