Simpson Thacher & Bartlett has advised Odakyu Electric Railway on its $460 million sale of the Hyatt Regency Tokyo to investment funds KKR and Gaw Capital Partners, with Mori Hamada & Matsumoto acting for KKR.
The Hyatt Regency Tokyo is a 746-room luxury hotel in Shinjuku, one of Tokyo’s busiest business and retail districts, and adjacent to the Tokyo Metropolitan Government headquarters. KKR and Gaw expect an increase in travellers staying at the hotel after Japan lifted COVID-19 restrictions last year, Nikkei reported.
The Simpson Thacher team was led by partners Noritaka Kumamoto, Jonathan Stradling, Ian Ho, and Makiko Harunari.
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