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United Urban REIT Acquires “the b ochanomizu” Hotel in Central Tokyo

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United Urban REIT Acquires “the b ochanomizu” Hotel in Central Tokyo

United Urban REIT Acquires “the b ochanomizu” Hotel in Central Tokyo

United Urban Investment Corporation announced it will acquire the limited-service hotel “the b ochanomizu” in Chiyoda Ward, Tokyo, on June 30, 2025. The seller is Tiger 2 LLC, and the transaction price is JPY 2.78 billion. The property is expected to generate a stabilized NOI yield of 4.5%, with the REIT highlighting the asset’s strong income potential backed by growing inbound tourism demand.

The hotel is located within a one-minute walk from both Awajicho Station on the Tokyo Metro Marunouchi Line and Ogawamachi Station on the Toei Shinjuku Line, and a seven-minute walk from JR Ochanomizu Station. With access to four stations and five train lines, the property boasts excellent connectivity to major business and leisure destinations, including Akihabara and Tokyo Dome. The location appeals to both domestic and international travelers.

Built in 1999, the nine-story, steel-reinforced concrete hotel underwent a full-scale renovation, including interiors and equipment upgrades, in November 2019. The hotel has 72 guest rooms, 60 of which are designed to accommodate two or more guests. Operations are managed by Ishin Hotels Ochanomizu Operations Inc., which operates 16 hotels across Japan.

United Urban positions hotels as a core asset class alongside office and retail properties, aiming to maintain a well-diversified portfolio. Following this acquisition, the REIT’s hotel sector exposure is expected to rise to 24.0% of its total assets as of July 1, 2025 (25 assets, JPY 168.612 billion in value). Hotel assets located within Tokyo’s central six wards are expected to benefit from long-term growth driven by the recovery in inbound tourism, making this a strategically attractive acquisition from both income stability and asset appreciation standpoints.

Key Facts

  • Property Name: the b ochanomizu

  • Buyer: United Urban Investment Corporation

  • Seller: Tiger 2 LLC

  • Transaction Price: JPY 2.78 billion

  • Location: 1-7-5 Kanda-Awajicho, Chiyoda-ku, Tokyo

  • Nearest Stations: 1-min walk to Awajicho Station (Tokyo Metro Marunouchi Line) / 1-min walk to Ogawamachi Station (Toei Shinjuku Line) / 7-min walk to Ochanomizu Station (JR)

  • Completion: August 1999

  • Building Size: 9 stories, 72 guest rooms

  • Gross Floor Area: approx. 527.02 tsubo (approx. 17,425 sq. ft.)

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