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Roxy-Pacific acquires second Japan hotel for $37 mil; jointly acquires office towers in New Zealand with Chip Eng Seng

Property

Roxy-Pacific acquires second Japan hotel for $37 mil; jointly acquires office towers in New Zealand with Chip Eng Seng

Samantha Chiew Published on Thu, Aug 03, 2017 / 7:56 PM GMT+8

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SINGAPORE (Aug 3): Roxy-Pacific Holdings is acquiring its second hotel in Japan and jointly acquiring an office in Auckland with Chip Eng Seng Corp.

In the first filing, Roxy-Pacific says it is acquiring Tenmabashi Grand Hotel Osaka for a consideration of 3 billion yen ($36.8 million).

The 154-room, nine-storey hotel with a total floor area of 3,672.26 sqm is located near the longest shopping street in Japan – Tenjibashi shopping street.

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