Invincible Investment Corp. completed the roughly ¥12.43 billion acquisition of four hotel properties from affiliates of Fortress Investment Group LLC.
The properties comprise the 165-room Hotel MyStays Yokohama Kannai in Yokohama, Kanagawa; the 198-room Art Hotel Joetsu in Joetsu, Niigata; the 134-room Art Hotel Hirosaki City in Hirosaki, Aomori; and the 145-room Hotel MyStays Oita in Oita, Oita.
The acquisitions were agreed earlier in February.
As of Feb. 6, US$1 was equivalent to ¥109.14.
