The Blackstone Group Inc. (NYSE:BX) agreed to acquire Eight hotels from Kintetsu Group Holdings Co.,Ltd. (TSE:9041) for ¥60 billion on March 25, 2021. The book value of the properties is ¥42 billion. Properties include Miyako Hotel Kyoto Hachijo (Kyoto City), Hotel Kintetsu Universal City (Osaka City), Miyako Hotel Hakata (Fukuoka City, Fukuoka Prefecture), Kobe Kitano Hotel (Kobe City, Hyogo Prefecture), Miyako Resort Shima Bayside Terrace (Shima City, Mie Prefecture), Miyako Resort Okushima Aqua Forest (Shima City, Mie Prefecture), Miyako Hotel Gifu Nagaragawa (Gifu City, Gifu Prefecture) and Miyako Hotel Amagasaki (Amagasaki City, Hyogo Prefecture).

The Blackstone Group Inc. (NYSE:BX) completed the acquisition of Eight hotels from Kintetsu Group Holdings Co.,Ltd. (TSE:9041) on October 1, 2021.