Articles tagged “GIC Pte”

Singaporean Fund GIC May Take $1.5 Billion Stake in 4 Fairmont Hotels

Singaporean Fund GIC May Take $1.5 Billion Stake in 4 Fairmont Hotels

Natalie Wong and Gillian Tan, Bloomberg

Talks to buy majority stake in the assets of Oxford Fairmont, which owns four iconic Fairmont properties, are ongoing, sources said. A potential deal would be a coup for GIC if it values the Canadian hotels at about $1.5 billion ($2 billion Canadian).

6 months ago

Tata’s Indian Hotels Company to Invest $600 Million in Buying New Properties

Tata’s Indian Hotels Company to Invest $600 Million in Buying New Properties

P R Sanjai, Bloomberg

New fully operational hotels will be purchased in partnership with Singapore wealth fund GIC Pte., with deals announced through the end of 2022.

9 months ago