Savills Hotels is pleased to announce that the sales have been completed for the four ANA Crowne Plaza hotels in Hiroshima, Fukuoka, Kanazawa and Toyama in Japan.
Savills Hotels is pleased to announce that the sales have been completed for the four ANA Crowne Plaza hotels in Hiroshima, Fukuoka, Kanazawa and Toyama in Japan at the end of August. This landmark hotel portfolio was acquired by Hoshino Resort Co., Ltd., one of the leading Ryokan/hotel operators in Japan. The sale is recognized as one of the largest hotel portfolio transactions in Asia this year. Savills acted as the exclusive agent for the owner.
ANA Crown Plaza Hotels Hiroshima, Fukuoka, Kanazawa and Toyama offer 1,229 guestrooms in total with more than 20 bars and restaurants altogether. Currently they are managed by IHG ANA Hotels Group Japan LLC, a joint venture between IHG and ANA (All Nippon Airways), under the ANA Crowne Plaza brand. After the acquisition, the operation of the hotels will continue to be entrusted to IHG ANA Hotels Group Japan.
The deal symbolises the current strength of Japan’s hotel market and tourism industry. The number of international tourists visiting Japan this year from January to July recorded a historical high of 11.06 million, up 46.9% from the same period in 2014. The growth has been driven by Japan’s rising popularity among Asian tourists as a result of the currency policies and visa facilitation efforts by the Japanese government.
The four ANA Crowne Plaza hotels are located in different cities, each of which is undergoing a surge in popularity: Hiroshima, a city with a memorable history and known for its World Heritage Sites; Fukuoka, the hub of business and tourism in the south western part of Japan; and Kanazawa and Toyama, popular destinations witnessing a huge increase in RevPAR (revenue per available room) attributed to the new bullet train connection to Tokyo. These four hotels are highly regarded in their respective cities and beloved by the local community and tourists alike.