July 6, 2022

Japan Hotel REIT Investment Corporation acquires Hilton Tokyo Odaiba


Content of Business Wire press release. The AP press team was not involved in its creation.

TOKYO – (BUSINESS WIRE) – April 8, 2019–Japan Hotel REIT Investment Corporation (TOKYO: 8985) (hereinafter referred to as “JHR”) acquired Hilton Tokyo Odaiba for 62.4 billion JPY to date.

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Hilton Tokyo Odaiba (Photo: Business Wire)

Hilton Tokyo Odaiba is a large, full-service 4-star hotel located in Odaiba, one of Tokyo’s most popular tourist destinations. The hotel’s 453 rooms are spacious and offer stunning views of the city skyline over Tokyo Bay. The hotel is equipped with several Japanese, Western and Chinese restaurants, lounges, meeting rooms, wedding halls, fitness center, swimming pool and spa, as well as large and small banquet rooms, catering to the diverse demands of business and leisure guests as a full service hotel offering sophisticated Hilton services.

At the Tokyo 2020 Olympic and Paralympic Games, various events will be held in the Odaiba area while the International Broadcasting Center and Main Press Center will be located near Tokyo Big Sight. The hotel market in the Odaiba area is expected to continue to grow as it will gain a lot of attention globally thanks to the Tokyo Olympics and Paralympics. In these favorable circumstances, JHR will continue to improve the attractiveness of the Hilton Tokyo Odaiba, one of its trophies, in cooperation with Hotel Management Japan Co., Ltd., operator of the hotel.

Upon acquisition of the Hilton Tokyo Odaiba, JHR’s portfolio consists of 43 hotels across Japan and its asset size is JPY374.5 billion in total in terms of purchase price.

* Japan Hotel REIT Investment Corporation website: http://www.jhrth.co.jp/en
* Website of Japan Hotel REIT Advisors Co., Ltd. : http://www.jhra.co.jp/en/
* Hilton Tokyo Odaiba website: https://www3.hilton.com/en/hotels/japon/hilton-tokyo-odaiba-TYOTOHI/index.html

This English translation is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.

See the source version on businesswire.com:https://www.businesswire.com/news/home/20190407000554/en/

CONTACT: REIT Issuer:

Japan Hotel REIT Investment Corporation (TOKYO: 8985)

Kaname Masuda, Executive Director of Asset Management Company:

Japan Hotel REIT Advisors Co., Ltd.

Hisashi Furukawa, Deputy Director and President

Contact:

Makoto hanamura

General manager

Investor Relations Department, Operations Department

PHONE: + 81-3-6422-0530

KEYWORD: ASIA PACIFIC SINGAPORE HONG KONG JAPAN

INDUSTRY KEYWORD: TRAVEL DESTINATIONS HOUSING REIT CONSTRUCTION & REAL ESTATE BUILDING COMMERCIAL & REAL ESTATE

SOURCE: Japan Hotel REIT Investment Corporation

Copyright Business Wire 2019.

PUB: 08/04/2019 02:41 AM / DISC: 08/04/2019 02:41 AM

http://www.businesswire.com/news/home/201904070005054/en