KKR and Gaw Capital to acquire Hyatt Regency Tokyo from Odakyu Electric.

KKR and Gaw Capital, two private equity fims, agreed to acquire Hyatt Regency Tokyo, a luxury hotel, from Odakyu Electric, a railway company. Financial terms were not disclosed. "This investment is a rare opportunity to acquire an iconic hotel in one of the most energetic districts in the world. As Japan emerges strongly from the pandemic as a leading travel destination, and domestic and international business travel bounce back, we see great potential to refurbish and to enhance the Hotel’s offerings to both corporate and leisure guests while retaining its unique heritage. We are pleased to welcome Gaw Capital, with their hospitality expertise, as strategic partners here, which will enable us to tap into our collective strengths for the Hotel’s transformation,” Kensuke Kudo, KKR Director.