Orix JREIT has agreed to buy two hotels in Japan’s Kansai region from a Daiwa House affiliate for JPY 7.9 billion ($50 million).
The Tokyo-listed trust is picking up the 48-key Mimaru Osaka Shinsaibashi East for JPY 5.3 billion and… Read More>>
CapitaLand Ascott Trust Sells Citadines Kyoto Asset to Hilton for $42M
CapitaLand Ascott Trust has sold a serviced apartment block in Japan’s ancient capital of Kyoto to Hilton’s vacation-home brand for JPY 6.2 billion ($42 million).
The 124-unit Citadines Karasuma-Gojo Kyoto was divested at 40.1 percent above its book value and… Read More>>
Hong Kong’s AB Capital Adds Osaka, Kyoto Hotels to Growing Japan Portfolio
Hong Kong-based AB Capital has acquired a pair of hotels in Osaka and Kyoto to bring its collection of Japanese hostelries to six, according to an announcement on Friday.
Working on behalf of a newly established fund, the private equity… Read More>>
AXA IM Alts Buys Kyoto Hotel for $44M as Japan Hospitality Deal Streak Continues
AXA IM Alts has acquired a Kyoto hotel for JPY 6.8 billion ($44 million), as global investors continue to favour Japanese hospitality assets amid a tourism boom that drove visitor arrivals to a record 8.56 million in the first quarter,… Read More>>
Kasumigaseki Capital Sells Kyoto Hotel as Tourism Boosts Hospitality Deals
Healthy tourism in Japan continues to fuel a hotel investment boom in Kyoto, with a 75-room property the latest hospitality asset to change hands in the country’s ancient capital.
Tokyo-based real estate investor Kasumigaseki Capital sold the SH by the… Read More>>
Blackstone Buys Kyoto Hotel From Goldman Sachs for Reported $54M
US private equity giant Blackstone has acquired a Kyoto hotel from Goldman Sachs, as global investors snap up Japanese hospitality assets to take advantage of a post-pandemic tourism rebound in Asia’s second-largest economy.
Blackstone purchased the 158-key Moxy Kyoto Nijo… Read More>>