Jones Lang LaSalle’s Hotels & Hospitality Group and Sumitomo Mitsui Trust Bank Limited have been jointly and exclusively appointed by LaSalle Investment Management, Inc. as the asset manager for Utsubo Property TMK the to offer for sale the newly-opened hotel androoms Osaka Hommachi (the “Hotel” or “Property”).
Occupying a central freehold site within a four-minutes’ walk from Osaka Municipal Subway’s Hommachi Station, which serves the Midosuji Line, the recently-opened, 103-room Hotel distinguishes itself from other competitors with a unique, boutique hotel concept and contemporary design. The Hotel represents a rare opportunity for an investor to acquire a newly opened Hotel, which benefits from a broad base of corporate and leisure demand thanks to its central location convenient to Osaka’s business districts and numerous tourist attractions.
Benefitting from Osaka being the fastest growing destination city by international overnight visitors from 2009 to 2016, the Hotel is well positioned to demonstrate strong trading performance backed by surging international demand and experienced in-place management (Solare Hotels and Resorts Co., Ltd., “Solare Hotels & Resorts”).
Additional information on the Property including trading and financial information, title, legal and building details is available for review upon execution of a Confidentiality Agreement.
