
Citi wants to sell Japanese ski resort
Citigroup is reportedly expecting to sell Niseko ski resort, a popular ski destination in Hokkaido for local and foreign skiers, which the group's Citigroup Principal Investments unit purchased in 2006 as part of a block deal totaling $54 million.
Sources noted that the asking price for the resort was between $70 million and $80 million. Citigroup reportedly hired Jones Lang LaSalle, the global property sales agent, last autumn to look for buyers...
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