On January 30, 2024, Mori Trust Co., Ltd. acquired ‘Fairfield by Marriott Osaka Namba’. This hotel is located in Namba, a popular area in Osaka, and is just about a 5-minute walk from Namba Station. The surrounding transportation network, including Nankai Namba Station and JR Namba Station connected by the Naniwa-suji Line, provides direct access to Umeda Station, Shin-Osaka Station, and Kansai International Airport, with an expectation of increasing tourist demand in the future.
Fairfield by Marriott is known for its focus on lodging, offering reliable services and comfortable spaces to both domestic and international tourists. Mori Trust has set a goal to supply 2,000 hotel rooms across Japan by the fiscal year 2030, and this acquisition is part of that initiative.
Osaka Prefecture boasts the second highest number of overnight stays in Japan, following Tokyo, and is seeing a recovery in tourist demand. Particularly, there is an increasing demand for international brand hotels. This new acquisition aims to contribute to the tourism demand in the Osaka area.
Mori Trust has been accelerating its investment in the hotel business in the Kyoto-Osaka area, including the opening of ‘Courtyard by Marriott Shin-Osaka Station’ in November 2015 and the acquisition of several lodging facilities in May 2023, such as the Rihga Royal Hotel Kyoto.
The acquired property is located at 2-3-25 Motomachi, Naniwa-ku, Osaka City, with a land area of 1,669.48 square meters and a total floor area of 10,362.30 square meters. It is a 14-story building with 300 guest rooms and facilities including a restaurant, meeting rooms, and a fitness room.
Mori Trust Co., Ltd. is a comprehensive real estate developer engaged in large-scale urban development in city centers and hotel & resort businesses nationwide. With the slogan ‘Create the Future’, the company operates 66 buildings, residential and commercial facilities, and 31 hotel & resort facilities.
Furthermore, the Mori Trust Group has several ongoing projects, including Tokyo World Gate Akasaka, a major renovation of the Manpei Hotel, and the Hotel Indigo Nagasaki Glover Street, among various other projects in progress.
