BentallGreenOak has acquired the Rihga Royal Hotel in Osaka
Tokyo – CFI is pleased to announce that it acted as exclusive financial advisor to Canadian real estate investment company BentallGreenOak Group in its entering into a capital and business alliance with The Royal Hotel Group, Limited, and its acquisition of the assignment of trust beneficiary right of the Rihga Royal Hotel.
BentallGreenOak is a Canadian real estate investment company with 28 offices around the world and over $80 billion in assets under management. They strive to build trust-based relationships with all of their 750 clients from across the world.
The acquisition, Rihga Royal Hotel, was designed by Isoya Yoshida, an architect noted for his immaculate blending of traditional Japanese and modernist architecture, and opened in 1965. It has hosted celebrities, dignitaries, and royalty, and currently boasts over 1,000 rooms, as well as restaurants, luxury retail opportunities, ball rooms and meeting spaces.
This acquisition initiates a refurbishment effort set to complete in 2025, and more than double the current average room-rate in the hotel.
This transaction closed on 31 March 2023.
Related
Consumer Goods & Retail

has acquired the assignment of trust beneficiary right of

Transaction details
The Canadian real estate investor BentallGreenOak has acquired the historic Rihga Royal Hotel in Osaka, set to refresh and revitalise the iconic hotel
Our latest transactions
Business Services

has been acquired by

a subsidiary of

Transaction details
Reolon, a regional insurance brokerage firm focused on agribusiness, has been sold to Alper Seguros, a subsidiary of Warburg Pincus
Business Services

has sold its German railway infrastructure engineering business to

Transaction details
WSP Global has sold its German railway infrastructure engineering business WSP Infrastructure Engineering GmbH to Arcadis
Business Services

has been acquired by

Transaction details
Management Due Diligence consultancy company Confidas People has been acquired by LCap Group
Energy, Environment & Natural Resources

has acquired a minority stake in

Transaction details
Utility and waste management provider SWK AG has acquired a minority share in FRONTERIS Group as part of its growth strategy