JLL’s  Hotels & Hospitality Group today announced that it has advised Anglo Fortune Capital Group, a Singapore-based real estate investment manager, on the sale of the Wander Tokyo Shibuya, Japan, to an undisclosed investor.

The Wander Tokyo Shibuya, which opened in May 2019, comprises 92 guestrooms and a ground floor lobby lounge with complimentary Manga. The hotel is located two minutes’ walk from Ikejiri-Ohashi Station in an upscale neighborhood of Meguro City. The famous attractions of Shibuya, including Shibuya Crossing and Shibuya Scramble Square, are within walking distance. The hotel supply in the Shibuya area is extremely restricted due to tightly controlled land ownership, which has driven ADRs to some of the highest in Tokyo, in-line with Ginza.

Despite exceptional growth in RevPAR in 2024, the Tokyo midscale hotel market has experienced further growth for the YTD February 2025, up 23% year on year, according to data from STR tracked by JLL. This was largely fueled by the remarkable rebound of Chinese tourists, registering 95% year-on-year growth for the YTD February 2025 (Source: JNTO).

“Wander Shibuya was the first of our now seven transactions in Japan since late 2022 and a realization of a successful value-add strategy executed by our team on behalf of our fund. We continue to acquire and develop in Japan’s dynamic hospitality market and this exit allows us to focus our attention on our more recent projects. We strive to execute our plans with diligence and grace towards an exciting future. We’re delighted to have partnered with JLL who have once again performed with the utmost professional integrity” says Benjamin Cho, Principal, Anglo Fortune Capital Group.

“We continue to see strong interest and dynamic activity within the Japanese hotel investment market. This appeal is driven by solid trading performance, fueled by growing tourism, coupled with the weak yen and relatively low borrowing costs. These factors combine to make Japan’s hospitality sector a particularly attractive investment opportunity in today’s market” says James Abe, Head of Investment Sales Japan at JLL’s Hotels & Hospitality Group.

Related Reading 

SC Capital Partners acquires Hotel in Kagoshima, Japan