Japan Hotel REIT Investment Corporation has sold The Beach Tower Okinawa, a 280-room beachfront resort hotel in Chatan, Okinawa, for ¥30.9 billion.
The buyer is Mihama Terroir TMK. The transaction closed on July 31, 2026.
JLL’s Hotels & Hospitality Group announced on August 17 that it had advised Japan Hotel REIT on the sale.
The Beach Tower Okinawa
The Beach Tower Okinawa is located within American Village in Chatan, one of Okinawa’s major resort and entertainment destinations.
The 280-room property is a beachfront resort hotel surrounded by retail, restaurants and entertainment facilities.
According to JLL, the location attracts demand not only from tourists but also from visitors to nearby shopping and entertainment facilities, as well as accommodation demand related to nearby U.S. military bases.
¥30.9 Billion Sale Price
Japan Hotel REIT agreed to sell the property for ¥30.9 billion.
The sale price equates to approximately ¥110 million per guest room.
The REIT had an appraisal value of ¥10.4 billion for the property prior to the transaction, according to its July transaction disclosure.
Japan Hotel REIT said the sale was part of a portfolio-recycling strategy aimed at improving portfolio quality and capital efficiency.
Japan Hotel REIT Acquires Candeo Hotels Osaka Namba
As part of the same asset-replacement strategy, Japan Hotel REIT also acquired Candeo Hotels Osaka Namba for ¥14.32 billion.
The 496-room hotel is located in Osaka’s Namba area and was completed in 2017.
The acquisition closed on August 3, 2026.
The Osaka hotel is operated under a fixed-rent lease with Candeo Hospitality Management.
Japan Hotel REIT said proceeds from the Okinawa sale could be used for property acquisitions, hotel renovations and other growth investments, as well as to strengthen its financial position.
Hotel Investment in Japan Remains Active
The transaction comes amid continued investor demand for hotel real estate in Japan.
According to JLL, hotels accounted for 12% of total real estate investment volume in Japan during the first half of 2026, supported by large transactions and continued investor interest in the sector.
The sale of The Beach Tower Okinawa and acquisition of Candeo Hotels Osaka Namba provide another example of active capital recycling within Japan’s hotel investment market.