Japan Hotel REIT Investment Corporation (Japan Hotel REIT) is acquiring an asset in Yokohama for JPY4 billion.

The asset, Hotel JAL City Kannai Yokohama, is being acquired from an undisclosed seller.

It was independently appraised at JPY4.31 billion.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.