AXA IM Alts has acquired, on behalf of clients, a prime hotel in Kyoto, Japan, for ¥6.8 billion ($44 million) of total project cost.
AXA IM Alts intends to leverage its asset-management expertise to undertake a value-enhancing repositioning of the asset to further enhance its specifications, amenities and sustainability credentials, alongside rebranding it as a well-known international brand.
The hotel, targeted to be completed in early 2025 as Holiday Inn Gojo under management by IHG Hotels & Resorts, will be refurbished, comprising 183 guest rooms across 13 floors, and feature dining and leisure amenities including a café bar, high-end restaurant, state-of-the-art gym, traditional Japanese bathhouse and conference facilities. The renovation works will prioritize improving the energy efficiency of the building through the installation of energy-saving showers, guestroom-management systems and new hotel equipment and amenities. AXA IM Alts will target the incl
