Japan's Kintetsu to sell eight hotels to Blackstone (updated)

Kintetsu group Co

25/03/2021 04:42

(Releads with company announcement)
    TOKYO, March 25 (Reuters) - Japan's Kintetsu Group Holdings
 9041.T  will sell eight hotels to private equity firm
Blackstone Group  BX.N  for an undisclosed amount, the railway
operator said on Thursday. 
    The book value of the properties is 42 billion yen ($385
million), Kintetsu said in a filing. The deal was worth 60
billion yen, the Nikkei reported. 
($1=108.9400 yen)

 (Reporting by Tokyo Newsroom; Editing by Clarence Fernandez)
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))