KKR sells 16-hotel Japan portfolio after strategic repositioning

• KKR completed the sale of a portfolio of 16 hotels across Japan operated under the Four Points Flex by Sheraton brand.
• The portfolio spans 11 cities, including Tokyo, Osaka, Kyoto, and Fukuoka, following a renovation and repositioning program led by KKR.
• KKR’s Japan asset manager KJRM and hotel operator K+ Hospitality Management will continue supporting the portfolio after the transaction.

Global investment firm KKR (NYSE:KKR) announced that funds managed by the company have completed the sale of a portfolio of 16 hotels across Japan operating under the Four Points Flex by Sheraton brand.

The portfolio was sold to a leading global institutional investor, with financial terms of the transaction not disclosed.

The hotels are located across 11 cities in major Japanese tourism and business markets, including Greater Tokyo, Osaka, Kyoto, and Fukuoka.

The properties are positioned near transportation hubs, dining areas, and key commercial and leisure districts.

KKR acquired the portfolio from Unizo Holdings in 2024 and carried out a renovation and repositioning program in partnership with Marriott International.

The investment firm helped introduce the Four Points Flex by Sheraton brand in Asia Pacific, providing the hotels access to Marriott’s global distribution network and Marriott Bonvoy loyalty program.

KKR’s Japan asset management platform, KJRM, managed the portfolio from acquisition through renovation and will continue serving as asset manager following the sale.