KKR and Gaw Capital Partners have purchased Hyatt Regency Tokyo, an iconic luxury hotel located at the heart of Tokyo, from Odakyu Electric Railway Company.
The sales price was not disclosed.
Built in 1980, the Hyatt Regency Tokyo is a 746-room luxury hotel located in Shinjuku, one of Tokyo’s busiest business and retail districts, and adjacent to the Tokyo Metropolitan Government headquarters. The hotel sits in a prime location, among large-scale class A office buildings and in close proximity to public transportation networks including Tochōmae and Shinjuku Stations.
“This investment is a rare opportunity to acquire an iconic hotel in one of the most energetic districts in the world,” said Kensuke Kudo, director, real estate, at KKR. “As Japan emerges strongly from the pandemic as a leading travel destination, and domestic and international business travel bounce back, we see great potential to refurbish and to enhance the hotel’s offerings to both c
