UBS launches US$400m initiative to invest in Japanese hotel sector

Singapore

UBS Asset Management's Real Estate & Private Markets (REPM) business has launched a US$400 million initiative with Mitsubishi Corp to invest in the Japanese hotel sector, focusing on key metropolitan and regional areas such as Tokyo, Osaka, Nagoya, Fukuoka and Hokkaido.

The new strategy will target assets with potential for refurbishment, repositioning or conversion, as well as development projects where there is a third-party operator in place. Its primary focus will be on the limited service hotel sector.