CBRE Hotels Arranges Sale of Tokyo Bay Maihama Hotel Club Resort

Tokyo, ​4 August 2014 – CBRE announced today that it successfully arranged the sale of the 703-room Tokyo Bay Maihama Hotel Club Resort, on 25 July 2014, to Hulic Corporation. CBRE Hotels represented the seller.

The Tokyo Bay Maihama Hotel Club Resort is one of Tokyo Disney Resort’s official hotels, located a four-minute walk from Bayside Station on the Tokyo Disney Resort Line. It has 12 stories above ground and one below, with 67,488.62m2 of floor space for guest rooms, wedding facilities, and one of the largest event halls in the area. Tokyo Bay Hotels Corporation has a block lease for the property under a fixed-term lease contract.

The CBRE Hotels team consisted of Kiyoshi Tsuchiya, Director of CBRE Hotels Japan, and Arthur Buser, APAC Executive Managing Director of CBRE Hotels.

“The Japanese hotel market is seeing good momentum due to active investment in the Japanese real estate market, expectations for the Tokyo Olympics and the increase in inbound tourism, and has continued to draw strong interest from domestic and international investors since last year,” said Kiyoshi Tsuchiya.

“Given the strong performance of Tokyo Disney Resort, there are strong expectations for Tokyo Bay Maihama Hotel Club Resort’s business. You could say this transaction is symbolic of the brisk investment activity now trending in this market. Looking at other sales that we have arranged, we expect the current trend of cap rate compression to continue alongside a firm investment trend in the hotel market.  We are pleased that CBRE Hotels has had the opportunity to arrange this sale and contribute to the further development of the hotel industry,” said Mr. Tsuchiya.

CBRE Hotels is a specialised CBRE advisory group that provides brokerage, valuation, and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit the CBRE Hotels website at www.cbrehotels.com.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com. Official Twitter account for Japan: @cbrejapan