KKR Completes Sale of 16-Hotel Four Points Flex by Sheraton Portfolio in Japan

Business Wire··JPUS·Read original
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Summary · why it matters

KKR announced that funds managed by the firm have completed the sale of a portfolio of 16 hotels across Japan operating under the Four Points Flex by Sheraton brand to a leading global institutional investor. The portfolio spans 11 cities in major tourist destinations including Greater Tokyo, Osaka, Kyoto, and Fukuoka. KKR acquired the portfolio from Unizo Holdings in 2024 and subsequently carried out a comprehensive renovation and repositioning program, launching the Four Points Flex by Sheraton brand in Asia Pacific in strategic partnership with Marriott International. KJRM, which KKR acquired in 2022, acted as asset manager from acquisition through renovation and repositioning and will continue in that role after the transaction, while K+ Hospitality Management, KKR's dedicated hotel operating platform in Japan, will keep operating the hotels. David Cheong, Head of Acquisitions for KKR's Asia Real Estate team, said Japan remains one of the most important markets for the firm's real estate strategy.

Impact on assets 3

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR completed the sale of its 16-hotel Japan portfolio, realizing a successful exit after acquisition, renovation and repositioning.

Consumer Discretionary▲ · 1 stocks
Others▲ · 1 stocks

Off-coverage companies 3

K+ Hospitality ManagementPrivate± Mixed
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KJRMPrivate± Mixed
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UNIZO Holdings Company, LimitedPrivate± Mixed
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