The Goldman Sachs Group, Inc., Investment Arm acquired hotels in Asakusa, Naha, Nagoya and forward purchase of Susukino Central from Red Planet Japan, Inc. (JASDAQ:3350) for ¥11.8 billion on March 16, 2018. Under the terms of the transaction, Red Planet has sold ownership rights to the four hotels and simultaneously entered into a lease-and-operate agreement with Goldman Sachs for an initial period of 20 years. Red Planet Hotels is reinvesting the sales proceeds into new hotel developments across Japan. The Goldman Sachs Group, Inc., Investment Arm completed the acquisition of hotels in Asakusa, Naha, Nagoya and forward purchase of Susukino Central from Red Planet Japan, Inc. (JASDAQ:3350) on March 16, 2018.