According to CDL, the hotel is well-placed to benefit from the recovery of tourism in Japan. Specifically, tourism in Osaka is expected to strengthen in the coming years.
City Developments Limited (CDL) (SGX:C09
) has acquired the Bespoke Hotel Osaka Shinsaibashi for 8.5 billion yen ($78.5 million). The acquisition was made via CDL’s its indirect wholly-owned subsidiary, M&C Sakura TMK, and is CDL’s third hotel acquisition in 2023. The group acquired the Sofitel Brisbane Central in Australia in March and the Nine Tree Premier Hotel Myeongdong II in South Korea in July
The 256-room freehold lifestyle Bespoke Hotel was opened in 2019 and is located in Osaka’s Shinsaibashi commercial district. It is within walking distance to several popular shopping districts and malls including the city’s famous Midosuji Avenue and Shinsaibashi-suji shopping street. The Nagahoribashi and Shinsabashi stations are also just a four-minute and six-minute walk respectively.
