Salter Brothers announce the strategic partnership with TC Hotels & Resorts Beppu Corporation (TCH&R-B), a wholly owned subsidiary of Tokyo Century Corporation, to pursue hotel and hospitality opportunities in Japan.

Salter Brothers, an Australian-owned global fund manager, has an established track record of acquiring, developing and managing high quality hotel assets, with 41 assets under management across Australia, Asia and the USA. As one of the largest owners of international branded hotels in Australia, Salter Brothers is well positioned to leverage its deep hospitality capability and strong senior relationships with key global hospitality operators in the Japanese market.

Tokyo Century Corporation, headquartered in Tokyo, Japan and listed on the Tokyo Stock Exchange, is a leading Japanese provider of leasing services and specialist finance, with a global presence in over 30 countries. Active across a range of sectors, including real estate, aviation, shipping, automobiles, and commercial equipment, Tokyo Century Corporation is committed to driving the shift towards a digital and sustainable future.

The partnership, which will cover both existing and new assets, will allow Salter Brothers to apply their experience refurbishing, rebranding and repositioning existing assets with international operators to the Japanese market. International brands have traditionally been underrepresented in the Japanese hotel market, offering an exciting opportunity for the new partnership.

Commencing immediately, Salter Brothers will assume asset management of ANA InterContinental Beppu Resort & Spa, an 89-room luxury resort located on the southern Japanese island of Kyushu. The hotel opened in 2019 and has received a great number of honours and awards since its opening including the outstanding recognition with Travel + Leisure Luxury Awards Asia Pacific 2024 in 4 categories (1st in Hotel Pools, 1st in Hotel Spas, 4th in Hotel General Managers (General Manager: Davide Zanardi), 5th in Beach Island Upcountry Hotels).

Yoichiro Nakai, Deputy President, Executive Officer, Tokyo Century Corporation commented, “the hospitality market is shifting in Japan, particularly with the very strong growth forecast for inbound tourism, creating a number of opportunities. Partnering with Salter Brothers, brings together exceptional capital, reach and operational capability, providing our partnership a competitive advantage in this market.”

Paul Salter, Managing Director at Salter Brothers, added “Salter Brothers is proud to be working with Tokyo Century in this new and exciting venture, partnering on hospitality opportunities in the Japanese market. In Japan, we are strongly focused on working with best-in-class ownership and management to unlock operational value-add, leveraging our pan-Asia hospitality investment experience and relationships with operating partners.”