image credit: Adobe Stock

HVS Asia Pacific Hospitality Newsletter – Week Ending 22 September August 2023

September 26, 2023

Japanese REIT, Nippon Accommodations Fund Inc. (NAF) have agreed to purchase a portfolio of three hotels for a sum of JPY 3.1 billion, with the purchased properties in Nishi-Akashi, Matsuyama, and Naha, Japan. A total of 331 Rooms were acquired in this transaction, representing approximately 7,000SQM of Gross Floor Area. This recent purchase brings NAF’s total acquisitions to 136 Properties, with 13,477 units. The Smile Hotel Nishi-Akashi, originally completed early 2003, is located close to the Nishi-Akashi Station on the JR Kobe Line and the San-Yo Shinkansen Line.

Read More on Hotel News Resource