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Japan Hotel REIT closes ¥12.15B sale of 3 Tokyo hotel assets

Japan Hotel REIT Investment Corp. completed the ¥12.15 billion sale of real estate beneficiary interests in trust and movable assets attached to three Tokyo hotels to Tiger 2 GK.

The company divested the R&B Hotel Higashi-nihonbashi, the b akasaka-mitsuke hotel and the b ochanomizu hotel for ¥3.05 billion, ¥6.60 billion and ¥2.50 billion, respectively.

As of Aug. 9, US$1 was equivalent to ¥110.94.