Tokyo based real estate investment fund Mori Trust has acquired the Fairfield by Marriott Osaka Namba hotel from investment firm PAG in a strategic move ahead of a projected tourism boom.
The announcement was made in a recent LinkedIn post and is seen as a strategic move by the company in anticipation of Osaka’s role as host to the World Expo in 2025 and the forthcoming debut of Japan’s first casino in 2030.
The acquisition aligns with Mori Trust’s existing portfolio, valued at JPY470 billion ($3.12 billion), and highlights the increasing allure of Osaka’s hospitality market to investors. The city, already a popular destination for both domestic and international visitors, is expected to experience a significant boom in the coming years and hotel deals in the Greater Osaka area have become increasingly prevalent as a result, reflecting investor optimism about the region’s tourism prospects.
Constructed in 2020, the Fairfield by Marriott Osaka Namba stands as a notable addition to Mori Trust’s assets, boasting a gross floor area of 10,362 square meters across 14 floors. Situated within a 10-minute walk of three key rail station the hotel enjoys prime accessibility and its strategic location, a short 20-minute drive from Yumeshima, the designated venue for the 2025 Expo and the future site of an anticipated $8.6 billion casino resort, no doubt added to its desirability for investors.
The hotel’s favorable position is further enhanced by the impending completion of Osaka’s Naniwasuji line, an underground railway slated to commence operations in 2031. The line will connect JR Namba station with Osaka station and Kansai International Airport, bolstering connectivity and accessibility for visitors.
