Clifford Chance has advised Malaysia’s Berjaya Corporation and its subsidiary, Kyoto Higashiyama Hospitality Assets Tokutei Mokuteki Kaisha, on the sale of Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for 49 billion yen ($457 million).

The five-star hotel started operations in 2016 and is managed under the Four Seasons brand. The development was Berjaya’s first hotel development project in Japan.

According to The Star, another Berjaya subsidiary Berjaya Kyoto Development Kabushiki Kaisha (BKD) will lease back the hotel from Tigre for 17 years to maintain its present arrangements and operations.

The Clifford Chance team was led by partners Leng-Fong Lai and Eiichi Kanda.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.