Asia Pacific real estate investment manager has bought a 165-room hotel for its Japan hospitality fund.
The manager has invested an unspecified sum to acquire the asset in Kagoshima on behalf of the Japan Hospitality Fund I.
Suchad Chiaranussati, chair and founder of SC Capital Partners, said the investment further strengthens the firm鈥檚 presence in Japan鈥檚 hospitality sector. He said the firm would leverage its deep local expertise and extensive platform to capitalise on the Japanese market鈥檚 long-term growth potential.
鈥淲ith the right opportunities, we can continue to create value. Our established network and track record, built over the past 15 years, places us in a unique position to capitalise on opportunities in this highly sought-after sector,鈥� said Chiaranussati.
The property will operate under the Oriental Express brand, which is managed by SC Capital鈥檚 Hotel Management Japan. The new owner will undertake steps to enhance operation and refurbish the asset.
Since 2010, SC Capital Partners has invested more than US$1bn (鈧�911m) through its private funds strategies, encompassing 59 hotels and over 13,000 rooms. SC Capital Partners is also the majority owner of Japan Hotel REIT Advisors, the asset manager of Japan Hotel REIT Investment Corporation, owner of a portfolio of 51 hotels and 14,130 rooms.
To read the latest 91传媒在线 magazine click here.
