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ADIA acquires hotel portfolio

The portfolio comprises 27 hotels. (Pic for representational purposes only)
By Hilal Mir
July 19, 2023 5:01 pm
  • The portfolio was acquired from Daiwa House Industry for $900 million and comprises a total of 7,124 hotel rooms.
  • The acquisition was made along with a consortium led by Singapore-based private equity real estate firm, SC Capital Partners and Goldman Sachs Asset Management.

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.

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