GK Rio Grande has sold the former 2ND by hotel androoms Sapporo and the 2ND by hotel androoms Nagoya Nishiki to a joint venture comprising Travelodge Hotels (Asia) Pte. Ltd. (TLA) and a capital partner advised by TLA.
JLL’s Hotels & Hospitality Group advised GK Rio Grande on the sale.
Post-acquisition, the hotels will undergo rebranding and reopen in early 2023 as Travelodge Sapporo Susukino and Travelodge Nagoya Sakae, respectively. They represent the third and fourth hotels for TLA in Japan, following the successful opening of Travelodge Honmachi Osaka and the upcoming launch of Travelodge Kawaramachi Shijo Kyoto, capitalizing on the recovery of the Japanese hospitality industry post-COVID.
The Sapporo hotel, built in 2019, is located in Susukino, the entertainment and nightlife district of the city and features 212 rooms across 14 floors. The Nagoya hotel, built in 2017, adopts a central location in Nishiki, surrounded by the offices of several Japanes
