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.