Singapore sovereign wealth fund GIC has acquired a portfolio of 16 hotels in Japan operated by Marriott International under the Four Points Flex by Sheraton brand for approximately ¥125 billion, equivalent to about $800 million.
The hotels were previously owned by funds managed by KKR & Co. Inc., which completed the sale before publicly announcing the transaction on September 30, 2026. Marriott International will maintain operations of all properties under the Four Points Flex by Sheraton brand. The portfolio’s average value is estimated at around ¥7.8 billion per hotel.
Transaction Significance and Investment Context
This acquisition represents a substantial institutional real estate transaction in the
Japanese hospitality market. It enhances GIC’s global property assets by adding a significant portfolio of mid-range Marriott-branded hotels in key Japanese locations, aligning with its strategy to expand exposure to prime hotel assets internationally.
Transaction Details and Seller Confirmation
KKR confirmed the sale of its 16-hotel portfolio to an unnamed global institutional investor before reports surfaced identifying GIC as the buyer. No further financial terms or details beyond the disclosed ¥125 billion purchase price have been publicly shared.
