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Insights and analysis on the Japan market.

KKR to acquire the Hyatt Regency Tokyo

May 18, 2022

KKR is on the cusp of its second major real estate acquisition for the year in Japan, the 740-key Hyatt Regency Tokyo located in Shinjuku. The final price for the hotel is rumoured to be circa US$600m. The deal also marks another major asset sale by a railway company in the market.

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SC Capital raises Japan's largest dedicated hospitality fund

May 1, 2022

SC Capital has announced the final close of the largest dedicated hospitality fund for the Japan market, a US$1bn opportunistic fund anchored by two global institutional investors. The vehicle will focus on distressed opportunities that have arisen from COVID, and the subsequent decrease in domestic travel and closure of the market to international travelers. The group also owns the manager of the Japan Hotel REIT Investment Corporation, a TSE-listed hotel REIT which has a market capitalization of over US$2bn.

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KKR makes strategic acquisition

Mar 17, 2022

KKR has announced the acquisition of a major REIT manager in Japan, Mitsubishi UBS Realty, in a transaction valued at circa US$2.0bn. The vehicle manages two REITs, the Japan Metropolitan Fund and the Industrial & Infrastructure Fund, which together manage over US$15bn in real estate investments across all major asset classes.

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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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