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HVS Asia Pacific Hospitality Newsletter – Week Ending 7 April 2023

April 13, 2023

Daiwa House REIT has Acquired MIMARU Tokyo Akasaka for JPY3.1 Billion

Japan-based Daiwa House REIT Investment Corporation (“Daiwa House REIT”) has acquired MIMARU Tokyo Akasaka from Japan-based Fuyo General Lease Co., Ltd. for JPY3.1 billion. The 11-storey hotel is located approximately four-minute walk from Akasaka Station on the Tokyo Metro Chiyoda Line in central Tokyo. The 36-key property has a land area of 442 square metres and gross floor area of 1,909 square metres. The property features in-room kitchenette, and coin laundry. The property is currently leased out with an annual rent of JPY139 million.

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