Source: Law360
Astro Japan Property Group Ltd. on Thursday said it has bought a 117-room newly constructed hotel designed for business travelers in the Japanese prefecture of Fukuoka for 1.6 billion yen ($15 million).
The property group’s acquisition of the limited service Hotel WBF Fukuoka Tenjin Minami, newly completed in 2017, represents a discount of about 3.6 percent on an independent 1.66 billion yen valuation of the new hotel, Astro Japan said.
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