Kasumigaseki Capital Launches Hotel Redevelopment in Roppongi
Kasumigaseki Capital Co., Ltd. has initiated a hotel redevelopment project in Roppongi, Minato-ku, Tokyo. The project targets an existing business hotel with a gross floor area of 1,573.45 square meters (approx. 16,940 sq. ft.).
The property, acquired by its consolidated subsidiary fav hospitality group Co., Ltd. (FHG), has been sold to Hulic Co., Ltd. Kasumigaseki Capital will continue to oversee the project management under the “Roppongi Hotel Rebranding Project.”
Key Facts
Project Name: Roppongi Hotel Rebranding Project
Buyer: Hulic Co., Ltd.
Seller: fav hospitality group Co., Ltd. (a consolidated subsidiary of Kasumigaseki Capital Co., Ltd.)
Transaction Price: Not disclosed
Location: Roppongi, Minato-ku, Tokyo
Gross Floor Area: 1,573.45㎡ (approx. 16,940 sq. ft.)