Morgan Stanley buys ANA hotels for Morgan Stanley buys ANA hotels for $2.4 bln: Sources.4 bln: Sources

Tokyo, Apr 13: Morgan Stanley will buy 13 hotels from Japanese airline All Nippon Airways Co. Ltd. for an estimated 280 billion yen (Tokyo, Apr 13: Morgan Stanley will buy 13 hotels from Japanese airline All Nippon Airways Co. Ltd. for an estimated 280 billion yen ($2.4 billion), financial sources said on Friday.

The book value of the hotels is around 150 billion yen, resulting in a extraordinary profit of around 130 billion yen for ANA.

Reuters.4 billion), financial sources said on Friday.

The book value of the hotels is around 150 billion yen, resulting in a extraordinary profit of around 130 billion yen for ANA.

Reuters