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Activia Properties to Acquire Trust Beneficiary in Nest Hotel Naha Kumoji for 5.49 Billion Yen

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Activia Properties (TYO:3279) has decided to acquire the trust beneficiary interest in Nest Hotel Naha Kumoji, a limited-service hotel in Naha City, Okinawa, for 5.49 billion yen.

The property, which opened in April 2021, maintains a 100% occupancy rate under a long-term lease contract with minimum guaranteed rent plus variable rent, according to a Tokyo bourse filing on Tuesday.

The acquisition, set for completion on May 29, is part of API's asset replacement strategy alongside the planned sale of Kobe Kyu Kyoryuchi 25Bankan, expanding its portfolio to 46 properties worth 542.1 billion yen.

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