KKR, Gaw Capital acquire Hyatt Regency Tokyo

KKR (KKR) and Gaw Capital Partners announced the signing of definitive agreements under which funds managed by KKR and Gaw Capital will acquire Hyatt Regency Tokyo (H), a luxury hotel located at the heart of Tokyo, from Odakyu Electric Railway Company. Kensuke Kudo, Director, Real Estate, at KKR, said, "This investment is a rare opportunity to acquire an iconic hotel in one of the most energetic districts in the world. As Japan emerges strongly from the pandemic as a leading travel destination, and domestic and international business travel bounce back, we see great potential to refurbish and to enhance the Hotel’s offerings to both corporate and leisure guests while retaining its unique heritage. We are pleased to welcome Gaw Capital, with their hospitality expertise, as strategic partners here, which will enable us to tap into our collective strengths for the Hotel’s transformation."