Dubai, UAE — Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the United Arab Emirates, has acquired a portfolio of 27 hotels in Japan from Daiwa House Industry for $900 million.
The portfolio consists of a total of 7,124 rooms, is spread across Japan in major tourist destinations.
The acquisition was made along with a consortium led by Singapore-based private equity real estate firm, SC Capital Partners (SCCP) and Goldman Sachs Asset Management.
SC Capital Partners is a leading private equity real estate firm with a focus on Asia. The firm has a track record of investing in and managing high-quality real estate assets across the region.
Japan Hotel REIT Advisors Company (JHRA), in which the SCCP Group has majority share, will manage the portfolio.
