GIC Seeks to Sell Hilton Hotel in Japan for Over $580 Million

Singapore sovereign wealth fund GIC Pte is considering selling a 1,053-room hotel in western Japan, and has been marketing the property to potential investors since late last year, according to people familiar with the matter.

The Hilton Fukuoka Sea Hawk hotel is located on the coast of Fukuoka — one of Japan’s major cities — and has an asking price of around ¥85 billion to ¥90 billion ($583 million to $617 million), said the people, who asked not to be identified because the matter is private. Jones Lang LaSalle Inc. is advising on the sale, they added.

Hotels in Japan ...