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  • Melco unveils $248m investment fund for Japan hospitality projects 10.30.2019

    Hong Kong casino giant Melco Resorts & Entertainment revealed on Tuesday, October 29 that it will invest 27 billion yen [$248 million] from a new fund into the Japanese hospitality industry, on top of at least $10 billion the company is looking to spend on a resort if it wins a casino license from the Japanese government.>>

  • Blackstone extends bid for Japan's Unizo in hot property market 10.29.2019

    U.S. investment firm Blackstone Group has again given Japanese hotel chain Unizo Holdings more time to respond to its takeover proposal as conflict over the terms prolongs a tug of war over the company and its valuable property holdings.>>

  • SoftBank takes 80% stake in WeWork with $9.5 billion bailout 10.23.2019

    WeWork announced on Wednesday that it had accepted a $9.5 billion rescue package from Japan's SoftBank Group that would give its biggest investor an over 80% economic interest in the troubled office space company but not voting control.>>

  • SoftBank plans to pump $5bn into WeWork 10.17.2019

    SoftBank Group will offer around $5 billion in financing to the parent of office-sharing unicorn WeWork as the loss-making company scrambles for cash.>>

  • Blackstone goes public with bid for hotelier Unizo 10.16.2019

    Blackstone Group will make a tender offer for Japanese real estate group Unizo Holdings should the hotel operator agree to the takeover bid, the U.S. investment firm said Tuesday, marking a new move in a three-way pursuit.>>

  • Kyoto geisha district to have Imperial Hotel 10.10.2019

    Japan's Imperial Hotel plans to open luxury accommodations in Kyoto's Gion district, banking on the geisha neighborhood's old feel amid concerns the area's character is being lost as tourists flock to it.>>

  • Tokyo Olympics to put Airbnb 'on the map' in Japan: CEO 10.08.2019

    Airbnb's chief executive is optimistic about the company's prospects in the year ahead, saying he expects next summer's Tokyo Games to provide a much-needed boost in Japan while the home-sharing service heads into its planned stock market flotation with a "very healthy balance sheet.">>

  • Vietnam developer and Sumitomo Corp join to build $4bn smart city 10.08.2019

    Leading Vietnamese developer BRG Group and Japanese trading house Sumitomo Corp. will spend 450 billion yen [$4.21 billion] to develop a smart city on the outskirts of Hanoi.>>

  • Blackstone sells 80 Japan condos to Allianz for $1.2bn 10.07.2019

    German insurer Allianz is making its first large-scale property investment in Japan, spending about 130 billion yen [$1.21 billion] to buy roughly 80 rental condominiums in Tokyo and Osaka from U.S.-based Blackstone Group.>>

  • SoftBank and Oyo in $100m plus deal for Japan apartment operator 10.02.2019

    SoftBank Group and Indian hotel startup Oyo have jointly acquired an 80% stake in Japanese rental apartment operator MDI. The acquisition cost over $100 million, according to a person familiar with the deal.>>

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