Simpson Thacher recently represented KKR in connection with the acquisition of Unizo Hotel Company, Limited and its portfolio of 14 hotels in Japan by funds managed by KKR and entry into agreements with Marriott International, Inc. for the conversion of the hotels to Four Points Express by Sheraton.
The portfolio of 14 hotels is located in major tourist destinations in 10 cities across Japan. The properties are expected to open in the second half of 2024, adding more than 3,600 new rooms to KKR’s and Marriott’s respective hotel portfolios in Japan.
KKR is making this investment from its Asia Pacific real estate strategy.
The Simpson Thacher team for the transaction includes Noritaka Kumamoto, Jonathan Stradling, Daisuke Ueta and Yuji Yagi (M&A); Makiko Harunari, Nicholas Baker, Atsushi Usui and Chenyu Cui (Credit); and Meredith Jones and Daisy Dai (Tax).