Odyssey Capital Group has opened a new fund, the Odyssey Japan Hospitality Fund II, to invest in undervalued hospitality real estate assets in Japan.
Fund II will look to acquire three primary asset types, which include historical and heritage buildings that can be converted into luxury boutique hotels; ryokans, a traditional type of Japanese inn; and machiyas, traditional wooden townhouses often found in Kyoto. The fund will focus on prime tourism locations throughout Japan. The fund’s primary strategy is to acquire, renovate, reposition, operate and own these Japanese hospitality assets, according to Odyssey.
“The fund is a unique opportunity to capitalize upon the growth of the Japanese real estate market with a niche focus in boutique hospitality assets,” Odyssey said in a statement. “Japan’s rich cultural heritage and elegant and classic design provides the perfect backdrop to create modern luxury hospitality assets, which are aesthetically pleasing and
