City Developments just flipped a 256-room lifestyle hotel in Osaka’s hottest district for 14 billion yen (S$117M), and the numbers tell an interesting story.
They bought it for 8.5 billion yen in August 2023, right after Japan ditched visa requirements. Fast forward 2+ years: boom—sell it to Blackstone’s real estate funds for a solid markup. That’s nearly 65% gain on the acquisition price.
Why this matters:
Japan’s hospitality sector is still riding the international tourism wave, making premium assets hot commodities
CDL’s capital recycling strategy is firing on all cylinders—over S$1.8 billion in contracted divestments YTD
Blackstone doubling down on Japan real estate signals confidence in the sector’s recovery
Deal closes December 2025. CDL’s stock trading at S$7.08 on SGX, holding steady despite the chop.
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Blackstone Scoops Up Osaka Luxury Hotel in $117M Deal—CDL Cashes In on Japan Travel Boom
City Developments just flipped a 256-room lifestyle hotel in Osaka’s hottest district for 14 billion yen (S$117M), and the numbers tell an interesting story.
They bought it for 8.5 billion yen in August 2023, right after Japan ditched visa requirements. Fast forward 2+ years: boom—sell it to Blackstone’s real estate funds for a solid markup. That’s nearly 65% gain on the acquisition price.
Why this matters:
Deal closes December 2025. CDL’s stock trading at S$7.08 on SGX, holding steady despite the chop.