Japan Hotel REIT property, Hilton Tokyo Odaiba. (Photo: Hilton Tokyo Odaiba)

Japan Hotel REIT (JHR) Investment Corporation has acquired Hilton Tokyo Odaiba for JPY62.4 billion (USD538 million).

Hilton Tokyo Odaiba is a 453-room, 4-star property that caters to business and leisure customers.

The REIT first announced its intention to acquire the property, and Hotel Oriental Express Osaka Shinsaibashi, in January 2019.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.