Goldman, KKR, Blackstone Join Investor Rush for Japan Hotels (1)

A rapid tourism recovery in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation.

Foreign investors, including Goldman Sachs Group Inc., KKR & Co., Blackstone Inc., have spent a combined $2 billion on hotel deals in Japan so far in 2023, the most compared with any other sector in Asian commercial property, according to MSCI Real Assets. That’s already more than the $1.4 billion seen for all of 2022.

Robust demand for lodging by visitors and rising prices ...