Automatic

Japan-based Daiwa House REIT Investment Corporation (“Daiwa House REIT”), a real estate investment trust sponsored by Daiwa House Industry, is set to acquire the 280-key Daiwa Roynet Hotel Nishi-Shinjuku from Japan-based Fuyo General Lease Co., Ltd. (“Fuyo Lease Group”) for JPY10.174 billion. This translates to approximately JPY36.3 million a key. The property was developed by Fujita Corporation, a subsidiary of Daiwa House, and completed in 2018. It was later sold to Fuyo Lease Group in 2023 for an undisclosed sum. The 14-storey property is located in Nishi-Shinjuku, Tokyo, just a five-minute walk from Nishi-Shinjuku Station on the Tokyo Metro Marunouchi Line, offering direct access to major destinations such as the Ginza shopping district and the Imperial Palace. Hotel amenities include a restaurant, convenience store, coin-operated launderette, and a meeting room, catering to both business and leisure travellers. This acquisition forms part of Daiwa House REIT’s current investment ...

Spanish owner-operator Grupotel has acquired the four-star, 210-room Barceló Conil Playa in Conil de la Frontera, Spain from Spanish asset management company Wingenia. The beachfront property is situated in the south of Spain, about 100 kms west of Gibraltar. The hotel opened in 2021 and includes three restaurants, three bars and three meeting rooms. It was previously operated by Barceló and will now be managed by the new owners under the name Grupotel Conil Playa from November 2025 onwards.