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Hyatt Regency Tokyo for sale by Odakyu, seeking $870m in deal

Japanese developer sheds assets to focus on projects around Shinjuku station

The Hyatt Regency Tokyo opened in 1980. (Photo by Taizo Wada)

TOKYO -- Japanese developer and transportation giant Odakyu Electric Railway plans to sell Hyatt Regency Tokyo, Nikkei has learned, as the company focuses on a redevelopment project closer to the bustling Shinjuku station in the capital.

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