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KKR, Gaw Capital acquire Hyatt Regency Hotel in Tokyo

Another big foreign deal in Japan: In its first hotel acquisition in Japan, the global investment company KKR from New York has teamed up with Hong Kong’s Gaw Capital Partners to buy the Hyatt Regency Tokyo from Odakyu Electric Railway.
The luxury hotel in Tokyo’s central Shinjuku special ward will be acquired for an undisclosed amount by funds managed by the two investment firms. The new owners plan to renovate the hotel that opened in 1980 and is the oldest Hyatt property in Japan.
Odakyu said it expects to make a JPY50 billion (about 352 million euro) profit on the sale, but the railroad declined to say how much the property was sold for.

Link to Source (Japanese)

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