Daiwa House REIT to Acquire Daiwa Roynet Hotel Nishi-Shinjuku for JPY 10.17 Billion
Daiwa House REIT Investment Corporation announced that it will acquire the trust beneficiary interest in Daiwa Roynet Hotel Nishi-Shinjuku for JPY 10,174 million. The acquisition is scheduled for November 4, with Fuyo General Lease Co., Ltd. as the seller.
The property is a 14-story (with one basement level) hotel located about a five-minute walk from Nishi-Shinjuku Station on the Tokyo Metro Marunouchi Line. Completed in December 2018, the hotel offers 280 guest rooms and has a gross floor area of 11,384.66 square meters (approx. 122,500 sq. ft.).
Key Facts
Property Name: Daiwa Roynet Hotel Nishi-Shinjuku
Buyer: Daiwa House REIT Investment Corporation
Seller: Fuyo General Lease Co., Ltd.
Transaction Price: JPY 10,174 million
Location: 6-12-39 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Nearest Station: Nishi-Shinjuku Station (Tokyo Metro Marunouchi Line), approx. 5-minute walk
Completion: December 2018
Number of Floors: 14F / B1
Gross Floor Area: 11,384.66㎡ (approx. 122,500 sq. ft.)