SC Capital Partners, ADIA and Goldman Sachs Asset Management acquire 27-hotel portfolio in Japan for $900m

Singapore-headquartered private equity real estate firm SC Capital Partners (SCCP) has formed a consortium with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Goldman Sachs Asset Management, which has acquired a portfolio of 27 resort hotels in Japan from Daiwa House Industry, a Japan-based home construction and real estate development company.

The hotels are located in major tourist destinations across Japan, capturing both domestic and inbound demand. The investment strategy will focus on increasing top-line revenue, rebranding initiatives, improving distribution channels, and refurbishment works.

The portfolio was acquired for approximately $900 million and includes a total of 7,124 rooms. Japan Hotel REIT Advisors Co. (JHRA), a company that is majority-owned by the SCCP Group and a specialist in local hotel asset management and operations in Japan, will play an integral role in capturing the recovery and maximizing the further growth of