- Buyer is a fund vehicle managed by global real estate service provider CBRE
- hausInvest first says goodbye to the sale of the hotel from Japan
News ReleaseshausInvest hotel sold in Kyoto
Time to read3 min.
updated at10/31/2024
CategoryNews Releases
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Commerz Real sold the “Onyado Nono Kyoto” hotel from the portfolio of its open-ended real estate fund Hausinvest. Buyer is a fund vehicle managed by global real estate service provider CBRE. This means that the house investment, which had acquired the property when it was completed in 2020, is initially bidding farewell to Japan.
We took advantage of the hotel’s good economic position and the long remaining term of the lease agreement for a planned sale at good conditions. As Japan, unlike Europe, is still in a market environment of rising interest rates, falling real estate sales prices cannot be ruled out in the future.
Mario Schüttauf
hausInvest fund manager since 2007
In March and July 2024, the Japanese central bank raised its key interest rates for the first time in 17 years.
The “Onyado Nono Kyoto” hotel is located in the centre of the former imperial city and million metropolis of Kyoto and is within walking distance of the central train station. It has 472 rooms on nine floors and was designed by the operator Kyoritsu Maintenance as a typical Ryokan (literally: holiday home). For example, the rooms are decorated with tatami mats and the sliding doors are lined with Japanese paper (washi). There is also a classic Japanese thermal bath called Onsen.
About Commerz Real
Commerz Real AG is the asset manager of Commerzbank Group and has 54 years of international market experience. The company combines comprehensive asset management expertise with broad structuring capabilities, developing tangible asset-oriented fund products and individual investment solutions in the areas of real estate and infrastructure. As the leasing service provider of Commerzbank, Commerz Leasing also offers tailored leasing concepts.
Since 2025, the asset management subsidiaries of Commerzbank Group have been bundled under Commerz Real AG. In addition to the Commerz Real brands and products, these include Aquila Capital, with a focus on real asset investments in the energy infrastructure sector, as well as Yellowfin Asset Management, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of approximately 1,000 employees at around 20 locations manage assets of more than 55 billion billion.
Media contact
Commerz Real and real estate
Gerd Johannsen
+49 151 11761717gerd.johannsen@commerzreal.com