Roxy-Pacific nabs its 2nd hotel in Japan

It’s a 154-room hotel near the longest shopping street in Japan.

Singapore-listed property and hospitality group Roxy-Pacific Holdings Limited acquired its second hotel asset in Japan, Tenmabashi Grand Hotel Osaka, for JPY 3.0b ($36.8m).

Launched in May 2017, the 154-room Tenmabashi Grand Hotel Osaka is an 8-minute walk away from Tenjibashi shopping street – the longest shopping street in Japan.
Nearby tourist hotspots include the Osaka Tenmangu Shrine, Osaka Castle Park, as well as the famous Cherry Blossoms at the Osaka Mint Bureau.

The 9-storey hotel comprising 3,672.26 sqm of total floor area will, upon completion of the acquisition in October 2017, be self-managed by the group's Noku Roxy hospitality management arm, which currently operates a boutique hotel in Kyoto, Japan – Noku Kyoto

Roxy-Pacific’s acquisition of the Osaka hotel comes amidst a tourism boom for Japan, receiving 13.8 million tourists in the first six months of 2017, a 17.9% increase from
11.7 million a year ago.