Ahead of Olympics, Japan REIT acquires Tokyo hotel

The Hilton Tokyo Odaiba is a 453-room, full-service hotel. Photo credit: Hilton(Photo credit: Japan Hotel REIT)

Japan Hotel REIT Investment Corp. has acquired the Hilton Tokyo Odaiba for JPY62.4 billion. The property most recently changed hands in January, when Japanese real estate company Hulic and a partner bought the hotel for JPY60 billion from U.S. investment management company Elliott Management, splitting the cost 50/50. 

The Hilton Tokyo Odaiba is a 453-room full-service hotel that has multiple Japanese, Western and Chinese restaurants, lounges, meeting rooms, wedding halls, a fitness center, a swimming pool and spa, as well as large and small banquet rooms.

At the 2020 Tokyo Olympics and Paralympics, various events will be held in the Odaiba area, with the international broadcasting center and main press center situated in nearby Tokyo Big Sight. 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


The area's hotel market is expected to grow further during the events and, according to the REIT, it plans to work with operator Hotel Management Japan Co., Ltd. to boost the appeal of the Hilton, which the owner calls "one of its trophy assets."

The REIT's portfolio consists of 43 hotels throughout Japan.