Japan’s Mori Trust buys Osaka Hotel as preparation for World Expo, casino opening

Jenny Ortiz March 5, 2024

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Japan’s Mori Trust buys Osaka Hotel as preparation for World Expo, casino opening

Mori Trust, a Tokyo-based real estate investment fund, has recently acquired the Fairfield by Marriott Osaka Namba hotel from investment firm PAG.

This strategic move is aimed at capitalizing on the projected tourism surge in Osaka, especially with the city set to host the World Expo in 2025 and Japan’s first casino opening in 2030.

The acquisition underscores Mori Trust’s forward-thinking approach in anticipation of Osaka’s increasing prominence in the tourism sector.

Osaka’s hospitality sector growing?

With a portfolio already valued at JPY470 billion (€2.87 billion), Mori Trust recognizes the growing appeal of Osaka’s hospitality market among investors.

The city’s status as a favoured destination for both domestic and international travellers is expected to fuel substantial growth, leading to a surge in hotel investments in the Greater Osaka area.

Mori Trust’s additional asset?

The Fairfield by Marriott Osaka Namba was built in 2020.

It offers a significant addition to Mori Trust’s assets, boasting a gross floor area of 10,362 square meters spread over 14 floors.

Its strategic location, within a 10-minute walk from three major rail stations, and a mere 20-minute drive from Yumeshima, the designated site for the 2025 Expo and the future home of an anticipated $8.6 billion (€7.9 billion) casino resort, adds to its appeal for investors.

Moreover, the hotel stands to benefit from the forthcoming completion of Osaka’s Naniwasuji line, an underground railway slated to begin operations in 2031.

This line will link JR Namba station with Osaka station and Kansai International Airport, enhancing connectivity and accessibility for visitors to the area.

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