Latest news: Hyatt trades in Tokyo; extended-stay resilient; Hilton adds Napa

KKR, Gaw sell in Tokyo. Fund managers KKR from New York City and Gaw Capital Partners from Hong Kong have sold the 746-room Hyatt Regency Tokyo to an undisclosed buyer rumored to be Japan Hotel REIT during the third quarter at just over $800 million, according to multiple sources. The transaction potentially represents a doubling of the initial investment made in 2023, when the partners acquired the asset from Japan’s Odakyu Electric Railway Co.

Extended-stay resilience. Extended-stay hotels further demonstrated the sector’s resilience in October, especially at lower price points, according to The Highland Group. Economy extended-stay hotels have incurred far lower RevPAR declines than all economy class for five straight months and the contraction in mid-price extended-stay hotel RevPAR has been half the loss reported for all mid-price hotels over the last two months. “Extended-stay hotels are expected to see negative change in RevPAR for the rest of 2025 but the decline should not be as large as corresponding classes of all hotels especially at lower price points,” said Mark Skinner, partner at The Highland Group.

Hilton adds in Napa Valley. Hilton is debuting the 203-key Casa Mani Resort Napa Valley, Curio Collection by Hilton, a newly renovated resort in California’s wine country, in early 2026. Curio Collection by Hilton is a global portfolio of more than 190 hotels.

Clearview Capital buys. The 508-room Stamford (Connecticut) Marriott Hotel & Spa has reportedly been acquired for $15.25 million by Newport Beach, California-based hotel investment firm called Clearview Capital. The seller is listed as New York City-based limited liability company Stamford Hotel Propco, which purchased the hotel in 2018 for $31.6 million.

New management for Georgia resort. Northview Hotels and Resorts will assume both hotel management and construction management responsibilities for the 190-room King and Prince Beach & Golf Resort in Georgia, the largest beachfront resort in Georgia’s Golden Isles acquired by South Street Partners last year. Northview will oversee a comprehensive renovation and repositioning of the property.

Leonardo adds 3 in UK. Leonardo Hotels, the European division of the Isreal-based Fattal Hotel Group, has acquired three U.K. properties in separate single-asset transactions: the 270-key Leonardo Hotel Southampton, the 170-key Leonardo Hotel Exeter, and the 94-key Leonardo Hotel Chester.

Prize to Nordics. Radisson Hotel Group has expanded its Prize by Radisson brand into the Nordic region with the opening of two properties in Norway. The midscale lifestyle brand has opened both hotels in Bergen – the 217-room Prize by Radisson, Solheimsviken Bergen and the 55-room Prize by Radisson, Xhibition Bergen City. Prize by Radisson, which was formerly known as Prizeotel before rebranding last year, has 20 hotels in Europe, which are mostly in Germany with others in Austria, Switzerland and Belgium.

LondonMetric acquires in UK. London-based LondonMetric Property has acquired the 365-key Clayton Hotel Manchester Airport from Boston-based Columbia Threadneedle for an undisclosed amount, according to HVS. Last year the tenant, Dalata Hotel Group, received consent for a £40 million project to build a 9-story, 214-key extension, which also includes refurbishing the ground floor and a portion of the bedrooms.

Atream adds in Paris. French asset-management firm Atream has acquired the upcoming 197-key Oh Baby hotel in Paris, France, from French developer Constructa for an undisclosed amount. The hotel is expected to open at the end of 2027 under the Oh Baby brand.

Extendam acquires in France. Paris-based Extendam has partnered with Rennes, France-based Vicartem Hôtellerie and its hotel management subsidiary Younight Hospitality to acquire the 50-key Hotel Les Brises in La Rochelle, France. Extendam plans a six-month renovation starting at the end of 2025.

Nippon acquires 4 in Japan. Japan-based REIT Nippon Hotel & Residential Investment Corp. has acquired four domestic hotel properties for approximately JPY12.2 billion. The deal includes three APA-branded hotels acquired from different subsidiaries under the Japan-based APA Group: the 162-key APA Hotel Namba-kita Shinsaibashi Ekimae in Osaka, the 109-key APA Hotel Hakata Eki-mae 4-chome in Fukuoka and the 144-key APA Hotel Matsuyama Shiro-Nishi in Matsuyama. The first three hotels were operated under lease agreements with fixed and variable rent components. The fourth property is the 165-key Hotel Vista Atsugi in Atsugi City and built in 2007. The acquisition is part of a broader eight-property deal including residential assets.

Taekwang Industrial adds in Seoul. South Korea-based Taekwang Industrial Co. Ltd. has signed a definitive agreement to acquire the 400-key Courtyard by Marriott Seoul Namdaemun in Seoul, South Korea from South Korea-based KT&G Corp. for KRW250 billion, according to HVS. The hotel was completed in 2016 and has three food and beverage outlets.