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Insights and analysis on the Japan market.

Odakyu to exit the Hyatt Regency in Tokyo

Mar 1, 2022

Another railway company in Japan looks to exit a major hospitality holding as Odakyu puts the Hyatt Regency in Tokyo on the market. The 744 key hotel and an adjacent office property located in Shinjuku will be sold as part of the transaction, and are expected to fetch north of US$800m.

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Potential Mitsubishi UBS sale

Feb 8, 2022

Mitsubishi Corporation and UBS are reportedly weighing up the sale of Mitsubishi Corp UBS Realty in Japan for circa US$1.7bn. Mitsubishi UFJ Trust and Banking Group is rumoured to be in pole position to acquire the company. The JV platform manages two major domestic REITs with an aggregate market cap of over US$9bn.

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GIC acquires major hospitality portfolio

Feb 6, 2022

GIC is acquiring a portfolio of hotels, ski resorts and golf courses across Japan from Seibu Holdings for circa US$1.3bn following a year-long marketing process. Blackstone, Morgan Stanley, KKR, Fortress, and other large institutional investors, are rumoured to have also bid on the portfolio. The anchor assets, which make up the majority of the value of the 30+ asset portfolio, are larger hotels managed under Seibu’s Prince Hotel brand in Tokyo, Yokohama, Kyoto, Sapporo and Hiroshima.

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Multi-family continues its appeal

Dec 22, 2021

The multi-family residential sector in Japan continues to attract interest from large institutional investors. Allianz and Ivanhoe Cambridge have just announced a US$2bn closed-ended vehicle to focus on the sector.

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Fortress acquires Accordia Golf

Nov 17, 2021

Fortress Investment is acquiring Accordia Golf, Japan’s largest operator of golf courses, for US$3.5bn. Accordia manages over 170 courses in Japan, and was originally established by Goldman Sachs and listed on the TSE back in 2007.

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