Kasumigaseki Capital’s consolidated subsidiary, fav hospitality group, has sold three hotels to Roadstar Capital.
The hotels in question are Hotel Mid In Meguro Station front, Hotel Mid In Kawasaki Station front, and Hotel Mid In Kuramae Station front. The sale price has not been disclosed. Roadstar Capital has acquired them as real estate for sale.
In September, Kasumigaseki Capital acquired these three hotels through the acquisition of Mid Inn Hotels under Pantheon Property, describing the acquisition as a “rare opportunity to obtain three well-located hotels in a single purchase” and had planned renovations including rebranding.
Operations under the Mid Inn brand for these hotels will conclude in February 2025, with Nest Hotel Japan set to commence operations under a rebrand from March onwards.
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