Singapore-headquartered SC Capital Partners Group has acquired a 165-room hotel in Kagoshima, Japan, through its Japan Hospitality Fund I. The hotel is located in the heart of Kagoshima, a city known for its cultural heritage and robust tourism industry, supported by excellent transport links and a growing number of flights into Kagoshima Airport.
The acquisition is part of SC Capital Partners’ strategy to capitalise on the increasing demand from leisure travellers. The firm plans to implement a comprehensive rebranding and refurbishment strategy, transforming the hotel into an Oriental Express, a brand under Hotel Management Japan Co. Ltd. (HMJ). HMJ, an affiliate of SC Capital Partners and one of Japan’s largest multi-brand hotel operators, will manage the hotel’s operations, leveraging its expertise to optimise performance and benefit from Japan’s hospitality recovery.
Since 2010, SC Capital Partners has invested over $1 billion in Japan’s hospitality sector, encompassing 59 hotels and more than 13,000 rooms. The firm is also the majority owner of Japan Hotel REIT Advisors, the asset manager of Japan Hotel REIT Investment Corporation, one of the largest hospitality REITs in Japan.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners Group, stated, “We are pleased to further strengthen our presence in Japan’s hospitality sector, leveraging our deep local expertise and extensive platform.” The acquisition underscores SC Capital Partners’ confidence in the long-term growth potential of Japan’s hospitality market.
“`
