Kase Holdings Acquires Main Building of Shin-Yokohama Kokusai Hotel
Kase Holdings Co., Ltd. acquired the main building of the Shin-Yokohama Kokusai Hotel in Yokohama, Kanagawa Prefecture on July 30. The company plans to maximize asset value and stabilize income by partnering with a specialized hotel operator following the acquisition.
The property is located just a one-minute walk from JR Shin-Yokohama Station, making it highly accessible for both business travelers and tourists. It operates as a community-based hotel, with a structure composed of steel and steel-reinforced concrete. The building comprises 14 above-ground floors and one basement level, and offers 206 guest rooms. Despite having been completed in 1987, the hotel’s strategic location and large scale continue to support its business viability.
Kase Holdings executed this acquisition with the aim of expanding its real estate portfolio in the Shin-Yokohama area and securing stable revenue centered on hotel operations. Post-acquisition operations will be entrusted to a specialized management company to ensure the maintenance and enhancement of high-quality service standards.
Key Facts
Property Name: Kase Building No. 235 (Main Building of Shin-Yokohama Kokusai Hotel)
Buyer: Kase Holdings Co., Ltd.
Seller: Undisclosed
Transaction Price: Undisclosed
Location: 3-18-1 Shin-Yokohama, Kohoku-ku, Yokohama, Kanagawa Prefecture
Nearest Station: 1-minute walk from JR Yokohama Line / Yokohama Municipal Subway “Shin-Yokohama Station”
Completion: 1987
Number of Floors: 14F / B1
Total Guest Rooms: 206 rooms