Samty Holdings, a Japanese accommodation developer and hotel operator, has raised JYP17bn (€106m) at the close of its first hotel-focused private real estate fund.
The fund is seeded with 10 hotels offering a total of 1,530 rooms, located in major cities in western Japan, including Tokyo. The hotels have an occupancy rate of 85% or more.
Yasunobu Ogawa, president and CEO of Samty Holdings, said: “The establishment of this fund embodies our business model as an accommodation developer that provides a full range of services from development to operation and exit, and is a major milestone in our strategic transformation since the delisting of the company.
“In addition to the track record of hotel development and operation that we have cultivated over many years, we will maximize the value of our assets through collaboration with trusted partners in Japan and overseas.”
Akhiko Ogino, president and CEO at Daiwa Securities, said: “Real estate investment by both domestic and overseas institutional investors remains robust. In today’s investment climate, Samty’s establishment of a private real estate fund focused on hotels marks an important step that symbolises the transformation of its business model — a development we view as highly significant.”
Joe Gagnon, partner at Hillhouse and co-head of Rava Partners, said the closing of this fund highlighted the transformation of Samty into an emerging leader in Japan’s fund management sector. “It also reflects the strong confidence investors have in our platform and strategy. We look forward to building on this momentum with additional fund launches in the near future.”
Hillhouse Investment Management privatised Samty in January 2025 with Daiwa Securities and Rava Partners, the real estate investment arm of Hillhouse, remaining as shareholders.
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